View Single Post
  #8  
Old 02.07.2021, 13:24
LtSoftDrink LtSoftDrink is offline
Forum Veteran
 
Join Date: Apr 2020
Location: Baselland
Posts: 569
Groaned at 19 Times in 15 Posts
Thanked 699 Times in 347 Posts
LtSoftDrink has a reputation beyond reputeLtSoftDrink has a reputation beyond reputeLtSoftDrink has a reputation beyond reputeLtSoftDrink has a reputation beyond reputeLtSoftDrink has a reputation beyond repute
Re: Are tax havens doomed?

Quote:
View Post
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.
Let’s leave tax havens aside for the moment – after implementation of 15 % worldwide, there wouldn’t be any, right
Any thoughts on yesterday’s Reuters https://www.reuters.com/article/glob...-idUSL2N2OD26C

Donohoe said he supported “Pillar One” which proposes a re-allocation of a proportion of tax to the country where the profit is earned, as it would “bring stability and certainty to the international tax framework.” => why a proportion? 15 % local tax – free transfer of after tax profit to company HQ

But he told journalists he objected to the minimum rate contained in “Pillar Two” and would “continue to make the case on issues that matter to Ireland.” He declined to say what those issues were. => issues? Ireland wouldn’t be that attractive for big tech company “HQ” anymore?

Last edited by LtSoftDrink; 02.07.2021 at 15:33. Reason: include quote
Reply With Quote