Re:Microsoft Irish subsidiary paid zero corporate tax on £22...
by Grustaf on Thursday June 03, 2021 @08:43AM
(#27380402)
It wouldn't be impossible at all, you can of course cooperate with competitors to lower your taxes while competing for customers. Not that you necessarily need to band together with your competitors for this, there are plenty of companies out there.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22...
by ccvannorman on Thursday June 03, 2021 @09:19AM
(#27380846)
What is the minimum viable income to take advantage of these tax loopholes? Would I need to form an LLC or C-Corp (does it matter)? As long as big corps are cheating, let's be transparent about the data and how everyone can act the same way. I'm all for taxing Microsoft et. al. the correct amount but in the meantime let's democratize this action. Maybe it will prompt legal change for everyone.
I'd love to see a Playbook for Tax Loopholes for Everyone.
- minimum annual profit required
- legal steps to take
- recommended law firms
Re:Microsoft Irish subsidiary paid zero corporate tax on £22...
by Grustaf on Thursday June 03, 2021 @09:23AM
(#27380905)
I don't think it would be particularly costly to set up an Irish company, figure out a structure and set up a company group with internal invoicing etc. If you can spend a few 100 k on administration a year I'm guessing it would be worth it.