Re:G7: Rich nations back deal to tax multinationals
by sologoub on Saturday June 05, 2021 @12:10PM
(#27406218)
1 through 6 already lead to taxes being paid - sales/VAT taxes in most places, individual income taxes, employee social security/retirement contributions and so on.
Share buybacks lead to greater stock value and therefore income when sold for the owners, who in term are taxed as individuals.
You theoretically could have a hold Corp that never paid out anything and instead funded the lifestyle of the owners/employees, but I’m sure there are ways to close that and the current 15% min is a far cry from what most people pay.
Share buybacks lead to greater stock value and therefore income when sold for the owners, who in term are taxed as individuals.
You theoretically could have a hold Corp that never paid out anything and instead funded the lifestyle of the owners/employees, but I’m sure there are ways to close that and the current 15% min is a far cry from what most people pay.