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

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by nivenkos on Thursday June 03, 2021 @09:50AM (#27381321)

That isn't what a wealth tax is, or how they are implemented.

Mainly land value tax, inheritance tax and property tax would be a good start. And we already have capital gains tax to cover the sale of appreciating assets as you describe (note it is only at sale).

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by fallingknife on Thursday June 03, 2021 @12:28PM (#27383721)

The first is a more limited type of property tax, which we already have. We also have inheritance tax. The vast majority of wealth is held in capital assets like stocks and bonds (or DOGE), so if you don't tax that, then you aren't really taxing wealth, and taxing these assets is a nightmare.

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