Minimum Corporate Tax rate to be imposed on the UK

[_V_]

I wonder if the billionaire's resident in Monaco and Luxembourg are quaking in their designer boots yet?

[BlasterBates]

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.

[_V_]

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/ ???

[AtW]

Bring back Trump!!!

[AtW]

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.

[Mordac]

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.

[AtW]

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.