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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 Strom on Saturday June 05, 2021 @12:02PM (#27406141)
This is how corporate taxes work in Estonia. There is no income tax, but dividends/distribution is taxed. I think it's great overall.

However there are some loopholes that companies still figure out. In Estonia's case we have big international banks that found a juicy loophole. The local Estonian branches pay no corporate tax, but they also never pay dividends. Instead they give out a no interest loan to their foreign mothership and have no intention of ever getting it back. This loophole has since been patched, but it shows that companies will still hire teams of lawyers to find new loopholes to not pay a single cent.

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Re:G7: Rich nations back deal to tax multinationals by SMAAART on Saturday June 05, 2021 @03:08PM (#27407713)
Let's face it, no regulation can ever be perfect, make rule(s) and someone will find loopholes, then... close the loopholes and the cycle continues.

That is life.

And that should not be an excuse to impede improving society.

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