Re:Yellen calls for a global minimum corporate tax rate
by sundbry on Monday April 05, 2021 @08:12PM
(#26706376)
In that situation you have nothing but deferred consumption (savings) accrued in your corporate bank account. You're just soaking currency out of the economy. It's fine if none of that money is taxed because it's not moving. As soon as you use it, it's taxed.
No one pays income or capital gains taxes in Monaco, but my SaaS is genius remember, so I have only a small number of employees at any rate.
I don't think anything of what I'm proposing is right, I'm just thinking though the consequences of a 0% corporate tax.