Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by injb on Thursday June 03, 2021 @08:08AM (#27380056)

>>Well this creates the incentive that corporations try to minimise their employees, or try to shift employment to low tax/low cost countries. Now that very well be desirable for corporations and people who derive income primarily from capital, but it is not desirable for society

You mean not desirable for society in high tax/high cost countries I presume? What about society in low tax/low cost countries? It seems to be working out pretty well for Ireland[1]. That's why they resist immense pressure form the EU and maintain a low corporate tax rate.

[1] which is a high cost/low corporate tax country

[ Parent | on HN ]

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by cycomanic on Friday June 04, 2021 @05:23AM (#27391957)

Well except that Ireland receives significant subsidies from the EU. So essentially this is a case of having the high tax/cost countries pay for your infrastructure so you can be a low cost country.

[ Parent | on HN ]