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Its just the prisoner dilemma. If you don't your competition will. We just need more spine in the country's legislation to close ANY loophole, because this wa
by Iulioh 2y ago
Its just the prisoner dilemma.
If you don't your competition will.
We just need more spine in the country's legislation to close ANY loophole, because this wasn't illegal tax evasion, it was legal tax ellusion.
The point is that EU judged this unfair by Ireland and that effectively it stole revenue from other European counties to favor jobs in ireland.
Basically saying "you (country) can't have a lower tax rate than X" in our economic union.
Smaller countries with few industries would benefit disproportionately from bigger companies moving here the HQ.
- moomin 2y agoA good way of thinking about the EU is as a solution to the prisoner's dilemma.
- dantheman 2y agoThe EU is more of a problem than any sort of solution.
- kamikazeturtles 2y agoDo they tax LVMH? Or fine it for monopolistic practices? The EU is a pretty one-sided solution to the prisoner's dilemma
- gpderetta 2y ago> Do they tax LVMH? Any reasons to believe it isn't taxed? > Or fine it for monopolistic practices? Well, currently it is being investigated it seems: https://www.reuters.com/business/retail-consumer/french-police-working-with-eu-luxury-antitrust-probe-2023-04-21/ https://www.reuters.com/business/retail-consumer/french-poli...
- nolok 2y agoAnd you can't bother doing a simple google search ? Their effective tax rate is about 27%, yes.
- jokethrowaway 2y agoThat will never work because the powerful will lobby the politicians to add some new loophole. The only solution is to NOT have taxes, NOT have a government and then the market is fair for everyone. Unless you are into anarchy / voluntarism you won't like this solution, so keep enjoying your broken system with increasing inequality between the top 0.01% who colludes with the government and the rest - while the middle class gets their money stolen to pay for both rich and poor.
- kwhitefoot 2y agoNot having a government is the same as handing you society over to robber barons. Your solution would end with the reintroduction of feudalism as the only way that the rich and powerful can hold on to their wealth without it being plundered by the rich guy next door. Markets can only be fair if everyone in the market has the same degree of financial power. This can never happen in large scale anarchies. The only chance of it happening is by having strong regulation.
- Iulioh 2y agoGiven enough time Anarchy is just the State with extra steps and less rights.