EU adopts global minimum 15% tax on big business

Re:EU adopts global minimum 15% tax on big business by nickff on Friday December 16, 2022 @03:40PM (#34020037)

This would benefit large and established companies with stable margins, while penalizing smaller businesses and startups. I don’t think this is the intended result.

It also discourages long-term investments, and further rewards short-termism (which everyone seems to dislike).

[ Parent | on HN ]

Re:EU adopts global minimum 15% tax on big business by ClumsyPilot on Friday December 16, 2022 @04:01PM (#34020306)

you can apply a rule only to companies with over 10 billion in revenue

[ Parent | on HN ]

Re:EU adopts global minimum 15% tax on big business by twoodfin on Friday December 16, 2022 @10:27PM (#34024216)

And now you have companies inefficiently splitting themselves up into <$10B chunks, and paying lawyers and accountants lots of dead-weight costs to ensure their degree of coordination (think “Amazon West Virginia Ltd.”) doesn’t cross some ill-defined legislative or judicial threshold.

[ Parent | on HN ]