Re:Tax System in the Faroe Islands: what America and the wor...
by digvalley on Sunday January 08, 2023 @04:52PM
(#34303555)
Well,
1. the tax rate is high (50%)
2. resources (fish) is widely corrupt and just a few billioners reap the benefits (proportionally)
3. there are loopholes. Shippers who work for a faroe islands company, work abroad, has their residence in an other country pay 0% tax (something like that)
4. the tax code has not much less complexity than say norway.
1. the tax rate is high (50%)
2. resources (fish) is widely corrupt and just a few billioners reap the benefits (proportionally)
3. there are loopholes. Shippers who work for a faroe islands company, work abroad, has their residence in an other country pay 0% tax (something like that)
4. the tax code has not much less complexity than say norway.