Re:European Union plans to tax tech giants on local revenue
by downunderman on Monday March 05, 2018 @05:21PM
(#16525074)
As I asked in my reply above, why should investment in country A come at the expense of tax revenue in country B? That isn't right.
Re:European Union plans to tax tech giants on local revenue
by ucaetano on Monday March 05, 2018 @05:51PM
(#16525299)
> As I asked in my reply above, why should investment in country A come at the expense of tax revenue in country B? That isn't right.
That's perfectly right, unless you're suggesting that every country should have only local companies and should block every foreign company from operating there.
Not only it is right, it is very, very good for society. In the past 60 years, poverty went from 60% to 9% dues to that.
Re:European Union plans to tax tech giants on local revenue
by downunderman on Monday March 05, 2018 @08:10PM
(#16526094)
I'm not against foreign companies operating where ever they want but tax comes as a cost of business. If a company won't contribute to a nation it whether through taxes or investment it has no right to be there. It's effectively a parasite.
Re:European Union plans to tax tech giants on local revenue
by ucaetano on Tuesday March 06, 2018 @01:24AM
(#16527246)
That doesn't make any sense. If your product costs 100 to make in country a and you sell it for 100 in country b, you're not having any profits.
But if you want to ignore that and charge non-existing profits in your imaginary country, go ahead, you're dooming your imaginary country to failure for not understanding basic economics.
Re:European Union plans to tax tech giants on local revenue
by downunderman on Tuesday March 06, 2018 @02:44AM
(#16527504)
Yes you are. Look I know you want to seen the big picture but that's not how it should work. If you spend money in country A that shouldn't give you the right to write of revenue in country B. From the perspective of country B you were profitable. If you want to write off revenue in country B then invest, pay taxes or don't do business there.
Countries don't need parasitic businesses like that. All they will do is undermine the economy and local competition.
Re:European Union plans to tax tech giants on local revenue
by ucaetano on Tuesday March 06, 2018 @10:48AM
(#16529512)
Sorry, it doesn't make any sense at all from a global economics perspective. You seem to want completely isolated countries with no international trade.
There's no such things as parasitic businesses, "right of revenue" or anything like that.
You're not even wrong.
But we don't live in a sane world. All these multi-country tax schemes effectively mean that corporate profits can't be trusted to be reported accurately. It's easier to just stick the tax on revenue and then corporations may finally have an incentive to lobby to live in a sane world again.
Another option I can think of is for countries in the EU to set guidelines and impose harsh provision (a doubling of the tax rate, say) if a court finds that the guidelines have been breached.
It isn't right if Wall St is overjoyed at EU earnings, but the EU hasn't collected a dime of profit.