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Minimum Corporate Tax rate to be imposed on the UK

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    #11
    I wonder if the billionaire's resident in Monaco and Luxembourg are quaking in their designer boots yet?
    I design idiot proof software. Trouble is, they keep making better idiots.

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      #12
      Luxembourg and Monaco don't need to worry as they're on the "Board". I remember when Switzerland got hammered when the US got tough on offshore financial centres, Luxembourg got a free pass.
      I'm alright Jack

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        #13
        Originally posted by BlasterBates View Post
        Luxembourg and Monaco don't need to worry as they're on the "Board". I remember when Switzerland got hammered when the US got tough on offshore financial centres, Luxembourg got a free pass.
        What about https://nltimes.nl/2021/03/09/nether...gest-tax-haven and https://www.europaunited.eu/ireland-...est-tax-haven/ ???
        I design idiot proof software. Trouble is, they keep making better idiots.

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          #14
          Bring back Trump!!!

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            #15
            Originally posted by BlasterBates View Post
            Luxembourg and Monaco don't need to worry as they're on the "Board". I remember when Switzerland got hammered when the US got tough on offshore financial centres, Luxembourg got a free pass.
            Luxembourg's won't matter if (as Biden proposed) multinationals will start paying corp tax where sales actually happen, since relatively feck all sold in Luxembourg they might even close their eyes on their corp tax levels, it's not clear why would a minimum tax be necessary if the plan is so good.

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              #16
              Originally posted by AtW View Post

              Luxembourg's won't matter if (as Biden proposed) multinationals will start paying corp tax where sales actually happen, since relatively feck all sold in Luxembourg they might even close their eyes on their corp tax levels, it's not clear why would a minimum tax be necessary if the plan is so good.
              Best of luck with that theory. Corporation tax is applied at the place of registration. And just for good measure, Amazon make sure they make a loss (or profits so small they're barely worth taxing) in high-value markets. The best governments can do is impose a sales tax, but the customer pays all of that.
              His heart is in the right place - shame we can't say the same about his brain...

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                #17
                Originally posted by Mordac View Post
                Best of luck with that theory. Corporation tax is applied at the place of registration.
                It's not a theory, it's what been proposed for many years and was mainly blocked by the USA, which is no longer the case.

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