Re:Brexit: Berlin eyes Britain’s tech talent
by dragonwriter on Tuesday June 28, 2016 @12:22PM
(#11995023)
> Many places in Europe have lower taxes than the US.
If you look at taxes that both countries have that can seem true in some places, but that's because European countries tend to have VATs and the US doesn't, so the rates on the shared taxes are often lower in Europe (also, the US tends to have more tax exceptions, so that the actual tax effective tax rates are lower than the nominal rates.) The US has the third lowest overall tax burden in the OECD, with only Chile and Mexico lower.
Re:Brexit: Berlin eyes Britain’s tech talent
by uola on Tuesday June 28, 2016 @01:32PM
(#11995702)
I didn't express myself very well. What I meant is that Europe has a number of low tax jurisdictions where you can move if you really want low tax, but few of these are particularly popular (for domestic companies).
If you look at taxes that both countries have that can seem true in some places, but that's because European countries tend to have VATs and the US doesn't, so the rates on the shared taxes are often lower in Europe (also, the US tends to have more tax exceptions, so that the actual tax effective tax rates are lower than the nominal rates.) The US has the third lowest overall tax burden in the OECD, with only Chile and Mexico lower.