G7: Rich nations back deal to tax multinationals

Re:G7: Rich nations back deal to tax multinationals by bgroat on Saturday June 05, 2021 @01:00PM (#27406676)

I think this idea, but I always thought that a country or countries should just be on the cap table.

Forget tax, but if I want access to the Canadian grant ecosystem they take 7%.

I want Delaware Chancery courts the U.S takes 8%

Swedish bank secrecy, 6%

And we access states more like VCs and their value add.

Obviously all numbers are made up

[ Parent | on HN ]

Re:G7: Rich nations back deal to tax multinationals by Negitivefrags on Saturday June 05, 2021 @08:58PM (#27409747)

How is that functionally different than how tax works now?

Ownership gives you two things. It's a right to future profits, and the ability to resell that right to someone else. Company tax gives the government a percentage of the profit, and capital gains tax gives them a percentage when the shares are sold.

The only thing your proposal would do is delay when the government gets it's slice because the company doesn't have to pay a dividend right away.

[ Parent | on HN ]