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which is why Janet Yellen was lobbying to tax global companies worldwide so they could not find tax shelters
by hackernewds 3y ago
which is why Janet Yellen was lobbying to tax global companies worldwide so they could not find tax shelters
- seanmcdirmid 3y agoOnly American ones right? I can’t imagine Germany would be happy with America trying to tax SAP on its world wide income.
- hef19898 3y agoSaid law is currently being passed in Germany so.
- seanmcdirmid 3y agoOk, then SAP will have to pay taxes on worldwide income to both the USA and Germany, or will international companies be allowed to headquarter in a country with the best worldwide tax policy? Will Chinese companies have an advantage over Americans ones because they are just taxed in the jurisdiction they are doing business in vs. being taxed on world income by China?
- hef19898 3y agoYou uave no idea how international taxation works. No, SAP, nor Apple, will pay taxes twice.
- seanmcdirmid 3y agoThat’s right. But those companies that are subject to extra world taxes are determined by why their home country is, not via international treaty.
- jacquesm 3y agoIt only takes one hold-out.