Re:G7: Rich nations back deal to tax multinationals
by alien_ on Saturday June 05, 2021 @12:11PM
(#27406223)
Confiscating profits wouldn't work, many companies are reinvesting their profits. Probably the best way would be to just make the fines hurt more, by using a fixed and non-negligible percentage of the monthly/yearly revenue, much like Finland does for traffic fines.
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Re:G7: Rich nations back deal to tax multinationals
by reacharavindh on Saturday June 05, 2021 @12:22PM
(#27406328)
I can’t believe we as a society don’t adopt this idea more. Punishment should be a percentage of taxable income of that year. The impact should equally felt regardless of your current financial status. Extending this to a corporation would simply put them in back foot in a market.. which is indeed the punishment.
Re:G7: Rich nations back deal to tax multinationals
by HWR_14 on Saturday June 05, 2021 @01:13PM
(#27406798)
In the US, income based fines have questionable constitutional allowability. I fall on the "the seem constitutional" side, but some people apparently think it violates the 8th amendment.
Re:G7: Rich nations back deal to tax multinationals
by humaniania on Saturday June 05, 2021 @08:28PM
(#27409596)
Percentage of revenue seems like the least likely to be gamed metric.
Re:G7: Rich nations back deal to tax multinationals
by redler on Saturday June 05, 2021 @10:21PM
(#27410174)
This is also a problem since some businesses have very high nominal revenues and very low margins.
Re:G7: Rich nations back deal to tax multinationals
by refurb on Saturday June 05, 2021 @10:22PM
(#27410185)
Two companies with $100M in revenue, one with 2% margin and one with 50% margin.
You’d fine then the same amount?
Re:G7: Rich nations back deal to tax multinationals
by dingaling on Sunday June 06, 2021 @12:06AM
(#27410711)
> You’d fine then the same amount?
Progressive fines on people are based on their income, not how much they have left in the bank at the end of the month.
Re:G7: Rich nations back deal to tax multinationals
by refurb on Sunday June 06, 2021 @07:54AM
(#27412518)
Sure, but expenses don’t vary a much for people versus companies.
You don’t meet many people who make $1M in a year who have unavoidable expenses of $900k.
Re:G7: Rich nations back deal to tax multinationals
by refurb on Sunday June 06, 2021 @11:06AM
(#27413692)
Even CNN disagrees with your take.
https://edition.cnn.com/factsfirst/politics/factcheck_e58c20...
Fauci was wrong. Simple as that. Better to just own up to it.