Re:Spain planning on going ahead with ‘Google tax’ despite U...
by gman83 on Thursday December 05, 2019 @03:59PM
(#21716431)
This isn't how it works at all:
> All countries tax income earned by multinational corporations within their borders. The United States also imposes a minimum tax on the income US-based multinationals earn in low-tax foreign countries, with a credit for 80 percent of foreign income taxes they’ve paid. Most other countries exempt most foreign-source income of their multinationals.
> All countries tax income earned by multinational corporations within their borders. The United States also imposes a minimum tax on the income US-based multinationals earn in low-tax foreign countries, with a credit for 80 percent of foreign income taxes they’ve paid. Most other countries exempt most foreign-source income of their multinationals.
https://www.taxpolicycenter.org/briefing-book/how-does-curre...