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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 jedberg on Saturday June 05, 2021 @10:11PM (#27410126)
Part of the agreement is that you have to have $10M in profit in that country before the rules apply.

So that would never happen. You’d have to make a ton of money there before you have to file taxes. And it’ll be worth it by then.

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Re:G7: Rich nations back deal to tax multinationals by Aerroon on Saturday June 05, 2021 @10:41PM (#27410291)
Ah, I missed that part. You're right in that case! I'm just so used to the EU coming up with new rules without reasonable exemptions that I assumed the same here.

It's my mistake!

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Re:G7: Rich nations back deal to tax multinationals by StandardFuture on Sunday June 06, 2021 @11:00AM (#27413635)
> you have to have $10M in profit

Sorry, I missed where this was mentioned in the article. Can you supply a link to the reference if it is not in the article?

I did see the following quote:

> The rules on making multinationals pay taxes where they operate - known as "pillar one" of the agreement - would apply to global companies with at least a 10% profit margin.

which is not equivalent to your comment.

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