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A comment on EU adopts global minimum 15% tax on big business. Parent comment

Re:EU adopts global minimum 15% tax on big business by exceptione on Friday December 16, 2022 @05:27PM (#34021446)
True. Proposal of parent could be made more realistic by making sure only few things like bill of materials, resale items and personnel costs can be deducted. Companies already keep track of all these things.

You will have to go after financialization tricks, where healthy companies get loaded with debt, weird tricks with assets and all the stuff the finance industry comes up with that has nothing to do with core function of the company. Now imagine the powerful lobby you have to work against.

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Re:EU adopts global minimum 15% tax on big business by diggernet on Friday December 16, 2022 @05:39PM (#34021593)
Yup, gets pretty complicated. Seems like it'd be easier to forget about corporate tax, and charge income tax on every dollar going from the company to an individual.
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Re:EU adopts global minimum 15% tax on big business by exceptione on Friday December 16, 2022 @06:18PM (#34021968)
Apparently some lobby found my little comment too. :)

Food for thought: in a distribution chain you will find lots of small value adds. Take sea ports, there are loads of companies that handle import of materials or products. The price they charge for their goods/services are dominated by their import costs.

[ Parent | on HN ]