Re:What it's like to live in Monaco
by ohgodplsno on Friday December 09, 2022 @08:59AM
(#33921268)
There's a fantastic concept called racing to the bottom.
Small countries can afford to be tax havens because even getting 1% of a multibillion company covers their needs well enough. Meanwhile, the country housing the thousands of workers, damaging roads, using infrastructure, healthcare, etc, get nothing. Global tax minimums are the only way we have a society that keeps functioning.
Small countries can afford to be tax havens because even getting 1% of a multibillion company covers their needs well enough. Meanwhile, the country housing the thousands of workers, damaging roads, using infrastructure, healthcare, etc, get nothing. Global tax minimums are the only way we have a society that keeps functioning.