I wonder if the billionaire's resident in Monaco and Luxembourg are quaking in their designer boots yet?
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Minimum Corporate Tax rate to be imposed on the UK
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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 JackComment
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Originally posted by BlasterBates View PostLuxembourg 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.First Law of Contracting: Only the strong surviveComment
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Originally posted by BlasterBates View PostLuxembourg 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.Comment
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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.His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by Mordac View PostBest of luck with that theory. Corporation tax is applied at the place of registration.
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