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A comment on Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year. Parent comment

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by nly on Thursday June 03, 2021 @09:39AM (#27381140)
Capital gains taxes are accrued on disposal. Until you sell you owe nothing
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by fallingknife on Thursday June 03, 2021 @12:25PM (#27383680)
Yes, and that makes sense because it is income. A wealth tax doesn't do that or else it wouldn't really be a wealth tax.
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