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Minimum Corporate Tax rate to be imposed on the UK

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    Minimum Corporate Tax rate to be imposed on the UK

    Europeans Are Optimistic About Global Tax Agreement by June

    https://www.bloomberg.com/news/artic...premium-europe

    That's the end of "Singapore on Thames".
    I'm alright Jack

    #2
    Aren't they talking about rates for multinational trading corporations...?
    Blog? What blog...?

    Comment


      #3
      Originally posted by malvolio View Post
      Aren't they talking about rates for multinational trading corporations...?
      Isn't that the whole point of Singapore on Thames?

      Perhaps they should rename it the "Grimsby on Thames" strategy.
      I'm alright Jack

      Comment


        #4
        A lot of people think there is no tax on corporations in the Cayman Islands.

        There is corporation tax there on all companies.

        It's just the rate is 0%

        I guess the UK can impose the same lower limit.
        I design idiot proof software. Trouble is, they keep making better idiots.

        Comment


          #5
          Europe hates the idea of an island nation close to the mainland, with ultra low tax rates, used as a loophole to attract global companies to their shore.

          Oh, unless that place is Ireland of course.

          https://en.wikipedia.org/wiki/Corpor...lic_of_Ireland

          Ireland's "headline" corporation tax rate is 12.5%, however, foreign multinationals pay an aggregate § Effective tax rate (ETR) of 2.2–4.5% on global profits "shifted" to Ireland, via Ireland's global network of bilateral tax treaties. These lower effective tax rates are achieved by a complex set of Irish base erosion and profit shifting ("BEPS") tools which handle the largest BEPS flows in the world (e.g. the Double Irish as used by Google and Facebook, the Single Malt as used by Microsoft and Allergan, and Capital Allowances for Intangible Assets as used by Accenture, and by Apple post Q1 2015).[1]
          I will have a double Irish please.
          I design idiot proof software. Trouble is, they keep making better idiots.

          Comment


            #6
            Originally posted by _V_ View Post
            Europe hates the idea of an island nation close to the mainland, with ultra low tax rates, used as a loophole to attract global companies to their shore.

            Oh, unless that place is Ireland of course.

            https://en.wikipedia.org/wiki/Corpor...lic_of_Ireland



            I will have a double Irish please.
            You need to add a Danish in there to get the full flavour!

            "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

            I want to see the hand of history on his collar.

            Comment


              #7
              Originally posted by _V_ View Post
              Europe hates the idea of an island nation close to the mainland, with ultra low tax rates, used as a loophole to attract global companies to their shore.
              And according to the article, the US hates it now as well.

              Down with racism. Long live miscegenation!

              Comment


                #8
                Originally posted by NotAllThere View Post
                And according to the article, the US hates it now as well.
                But strange they like the AZ vaccine!
                "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                I want to see the hand of history on his collar.

                Comment


                  #9
                  Originally posted by vetran View Post

                  But strange they like the AZ vaccine!
                  There's just no accounting for them!
                  Down with racism. Long live miscegenation!

                  Comment


                    #10
                    Originally posted by NotAllThere View Post

                    There's just no accounting for them!
                    They probably chlorinate it first!
                    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                    I want to see the hand of history on his collar.

                    Comment

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