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

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by yunohn on Thursday June 03, 2021 @08:36AM (#27380309)

Social spending is quite high, but I’d like to believe that atleast it’s enriching the average person and not only corporate execs.

The reason there’s so many Teslas is because up until 2021, you could get significant tax benefits, if you purchased an electric car via your employer for “work”. If you look past Teslas, you’ll see that most people own average family cars.

Amsterdam does have people with “expensive tastes”, but that’s not representative of the rest of the country. It’s similar to what you’d see in New York or London vs. the rest of their respective countries.

Most of the wealthy people I know own businesses (and as such benefit from the lower taxes), or own lots of rentable real estate.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by rorykoehler on Thursday June 03, 2021 @08:40AM (#27380359)

>you could get significant tax benefits

This is a significant piece of information in this discussion.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by yunohn on Thursday June 03, 2021 @08:51AM (#27380488)

Well, again, this only really helps people who are able to swing such an expensive car as a “work expense”. In absolute numbers, Teslas are a minority of 0.4% in the NL car market.

source - https://www.statista.com/statistics/780316/market-share-of-t...

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