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Old 02.07.2021, 12:50
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Re: Are tax havens doomed?

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Donít think that profits are stuck in tax havens forever
They are stuck until you want to do something with them such as pay out dividends to shareholders & then corp tax at the full rate will be payable. It's a bit like money in a pension scheme, it's stuck there so not as useful as money you can put in your pocket tomorrow.

I seem to recall that Amazon is not caught up as their margin on internet sales is too low, the level is in the detail not the 15% headline rate.
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