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A comment on G7: Rich nations back deal to tax multinationals. Parent comment

Re:G7: Rich nations back deal to tax multinationals by hervature on Saturday June 05, 2021 @10:00AM (#27405102)
Except we already have a minimum tax worldwide - 0%. Perhaps every country should meet the others and offer 0% corporate tax. The solution isn't as simple as "minimum tax" as some places legitimately believe that corporate tax is not the most effective way to generate government profits (Wyoming and South Dakota at the state level).
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Re:G7: Rich nations back deal to tax multinationals by a1369209993 on Saturday June 05, 2021 @03:20PM (#27407805)
Actually, we don't - there is no legal/treaty reason why a government could not offer a negative corporate income tax rate (at least in the lowest N-1 tax brackets), and we may actually see that if corporate abuse of political processes is allowed to continue far enough.
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Re:G7: Rich nations back deal to tax multinationals by hervature on Sunday June 06, 2021 @04:24PM (#27415993)
You are saying that we could theoretically lower the minimum. As it stands, the minimum is 0%.
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Re:G7: Rich nations back deal to tax multinationals by a1369209993 on Monday June 07, 2021 @09:35PM (#27429669)
No, I'm saying that "this value is not allowed to go below X" is different from "the lowest current value happens to be X" and we have the latter, not the former.
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Re:G7: Rich nations back deal to tax multinationals by hervature on Wednesday June 09, 2021 @01:24AM (#27444499)
We’re programmers here. Min([1,2,3]) is 1 and not -2147483648.
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Re:G7: Rich nations back deal to tax multinationals by ClumsyPilot on Saturday June 05, 2021 @10:30AM (#27405355)
So I register a limited company, undertake all my work through it and keep my revenue, money and saving in that company, paying no tax on them.

Then I have the company buy a car, laptop and every other possible expence I can get away with placing on company. You've solved nothing

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Re:G7: Rich nations back deal to tax multinationals by hervature on Saturday June 05, 2021 @11:29AM (#27405846)
I didn't claim to solve anything. Merely that a world wide corporate tax rate isn't as simple as everyone thinks. For what it's worth, a corporate tax rate doesn't prevent you from doing what you suggest. In fact, you are encouraged to do so to avoid the tax.
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