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Re:G7: Rich nations back deal to tax multinationals by dragonwriter on Saturday June 05, 2021 @01:54PM (#27407164)
> The UK already has an 18% GST rate, which is equivalent to an 18% tax on revenues.

No, GST is a VAT (in fact, the UK’s is called a VAT, not a GST), which is not the same as a revenue tax.

Re:G7: Rich nations back deal to tax multinationals by saddlerustle on Saturday June 05, 2021 @04:12PM (#27408116)
The majority of Apple's sales is to consumers, so it's equivalent for the sake of argument.
Re:G7: Rich nations back deal to tax multinationals by dragonwriter on Saturday June 05, 2021 @08:04PM (#27409471)
Its not equivalent to a revenue tax, because a VAT excludes purchase price and revenue doesn’t.
Re:G7: Rich nations back deal to tax multinationals by tomp on Monday June 07, 2021 @06:56AM (#27421105)
VAT excludes the VAT paid when the company purchased the raw materials, i.e. it's paid net.

The end result is, the consumer pays VAT which is 20% of the price (i.e. 20% of the revenue), and the tax is spread out evenly across the whole production supply chain, weighted by the amount of added value by each company in the chain.

Re:G7: Rich nations back deal to tax multinationals by saddlerustle on Saturday June 05, 2021 @08:19PM (#27409552)
I'm not sure what you mean. If you assume all sales were to consumers it's true that the government receives ~~18% of Apple's revenue compared to if Apple sold nothing. Or are you just referring to the small difference between counting "revenue" as inclusive of VAT or exclusive of VAT?