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A comment on Biden eyeing tax rate as high as 43.4% in next economic package. Parent comment

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by lostlogin on Thursday April 22, 2021 @03:00PM (#26906723)
Different scenario, but tech giants in the US have some amazing arrangements. I’m in New Zealand and their clever arrangements here see them paying minuscule bills on massive revenue

“In 2018 Google NZ Ltd (an entity of Alphabet group) paid income tax of NZ$398,341 – about 0.055 per cent of the estimated gross ad revenue “extracted” from the New Zealand market.”

Facebook, Apple and Amazon have all been in and out of the news here for their arrangements too.

https://i.stuff.co.nz/business/121505796/google-and-facebook...

[ Parent | on HN ]
Re:Biden eyeing tax rate as high as 43.4% in next economic p... by zepto on Thursday April 22, 2021 @03:21PM (#26906988)
You have to be a multinational by definition to do this, and yet the proposed taxes will hit most medium sized businesses.

“It will hurt Apple and Amazon” is not a problem. “It will hurt most growing businesses”, is.

[ Parent | on HN ]
Re:Biden eyeing tax rate as high as 43.4% in next economic p... by jjoonathan on Thursday April 22, 2021 @03:23PM (#26907012)
On account of where campaign finance comes from, I'm afraid politicians see it the other way around.
[ Parent | on HN ]