Re:Why electric cars will take over sooner than you think
by derekp7 on Tuesday June 01, 2021 @08:10AM
(#27353317)
I always wondered why human people have an alternative minimum tax (AMT), yet corporate people don't.
Re:Why electric cars will take over sooner than you think
by xvilka on Tuesday June 01, 2021 @08:34AM
(#27353489)
Because all businesses will just leave to those countries where it isn't the case. Such policies should be subtle and introduced gradually.
Re:Why electric cars will take over sooner than you think
by derekp7 on Tuesday June 01, 2021 @04:50PM
(#27361096)
But the businesses will still need a presence in the countries in which they want to do business (or at least it is easier to do so -- that is how US companies get caught up in needing to comply with things like GDPR or whatnot). So the AMT can be legislated for any company that has a presence in a particular country.
In the Netherlands, extra taxes (on top of VAT) levied on fuel and vices like tobacco and alcohol put about 11 billion euros a year into the state coffers. Meanwhile, big tech companies funnel money through the country to tax havens. Uber had 50 shell companies in the Netherlands to dodge taxes on 6 billion in revenue (https://www.businessinsider.com/uber-tax-avoidance-50-dutch-...).