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Minimum rate of corporation tax wanted.

Posted: Sun Apr 11, 2021 11:15 am
by Chuck
This another Joebama / yellen plan on behalf of their handlers.

I put this here because the vax manufacturers have some of the biggest offshore haven funds apparently: ... -explained
The most guilty companies are pharmaceutical corporations such as Pfizer and Johnson & Johnson, as well as tech companies such as Microsoft and Apple, which had the most offshore money, at $246 billion (avoiding $76.6 billion in taxes, the report estimated). This practice is easier for tech companies with nontangible products, says Reuven Avi-Yonah, a law professor and director of the international tax program at the University of Michigan, because they can smoothly move intellectual property overseas. Still, Nike, General Electric, and PepsiCo had subsidiaries; Goldman Sachs had the most, with 905 subsidiaries in 18 countries.

Re: Minimum rate of corporation tax wanted.

Posted: Mon Apr 12, 2021 7:21 am
by Webley
One does wonder whether the tax burden is to high in most developed countries. It is worth while for the rich and large companies to spend a fortune shifting holdings and returns to other places. Maybe a bit more carrot and a it less stick may result in a higher return for the governments/countries/people?

Re: Minimum rate of corporation tax wanted.

Posted: Mon Apr 12, 2021 9:23 am
by Chuck
The norm is that poorer countries are there to be exploited by richer countries like the USA, UK, China's not going to change, mainly because the people in control of those exploited countries are all well bribed - or overrun with miliary "bringing democracy".