Post ATDPLWkMLdqJAsyMds by mishari@floss.social
(DIR) More posts by mishari@floss.social
(DIR) Post #ATDNzwpUamtXkBWICW by stux@mstdn.social
2023-03-02T19:33:39Z
0 likes, 3 repeats
If a big company is threatening to move their operations when they cannot get a tax deal in the country they're in I can only say...GOOOOOOOD BYE! Why should mega corps pay less tax than small businseses like me? How about reverse the shizzle and tax more if a company earns billions :ablobcatbongotwitter: Don't care how many jobs you facilitate, it's a big fuck you
(DIR) Post #ATDO59WWp6e8Yu8CzA by calculsoberic@mstdn.social
2023-03-02T19:34:43Z
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@stux it's ridiculous, isn't it?
(DIR) Post #ATDO7oCiXrq7JF8DVw by stux@mstdn.social
2023-03-02T19:35:07Z
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@calculsoberic I can't stand it..And governments who act like little bitches and keep begging.. :amaze:
(DIR) Post #ATDOBPBhUuWqsfN3OC by keithhanson@mstdn.social
2023-03-02T19:35:43Z
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@stux when you break down the incentives amounts per job, it is so often absuuuuuurd. Totally agree with this.
(DIR) Post #ATDOLIEODVuiCWLMBc by DroidEngineer@universeodon.com
2023-03-02T19:37:35Z
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@stux :blobcatjustright:
(DIR) Post #ATDOLt6t6MtiZy7O88 by thermanevans@mindly.social
2023-03-02T19:37:42Z
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@stux
(DIR) Post #ATDObkgKCqKF4XG4LA by energisch_@troet.cafe
2023-03-02T19:40:35Z
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@stux absolutely right! We need to stop those backroom deals with big corporations. They do not need a special tax offer. Small companies need relief, often it is their very existance which is threatened by too much tax. We need to stop to distribute wealth from poorer ppl to the rich!
(DIR) Post #ATDOwZeAQcgmvhB4iG by b0gste@mstdn.social
2023-03-02T19:44:22Z
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@stux yes, I see your point. However, they do pay more Tax by default because of their footprint. And if a company is foreign, it's extra money rolling in the State's Tax Agency.
(DIR) Post #ATDP7IyMlMygOuk61Q by cassandracorvid@mstdn.social
2023-03-02T19:46:19Z
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@stux I hear that argument reflected in, "If you raise their taxes, they'll leave the country."Hey, they aren't paying anything living here...what's less than nothing?
(DIR) Post #ATDPLWkMLdqJAsyMds by mishari@floss.social
2023-03-02T19:47:51Z
0 likes, 1 repeats
@stux @calculsoberic I can explain: as government it's easier to work with a single megacorp than many many individuals. The hope is that the jobs created and contracts procured (rent, office furniture, etc.) will lead to spending in the local economy, a quick win in time for elections.I'm not saying it's the right approach, but having been in the room to figure out economic policy, this is how the thinking goes.
(DIR) Post #ATDPMyMNAW8F6YRTkW by calculsoberic@mstdn.social
2023-03-02T19:49:11Z
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@mishari that makes a lot of sense, now that you mention it! @stux
(DIR) Post #ATDPllxkOkHptYkWtU by Dodo@det.social
2023-03-02T19:53:36Z
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@stux THIS.
(DIR) Post #ATDPnGSQVLUYlLoKUC by Matthijs@mastodonners.nl
2023-03-02T19:53:52Z
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@stux agree!! And in the end the jobs they create tend to be quite specific for a small portion.... and often not that many as well. #fairtaxes
(DIR) Post #ATDU1T30tJmxgHx5Pc by doubleDu@social.vivaldi.net
2023-03-02T20:41:15Z
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@stux i can't agree more!
(DIR) Post #ATDVcb5K4VTvHEIiI4 by markdevries@mstdn.social
2023-03-02T20:59:11Z
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@stux It’s also sad when a big Spanish company decides to move to The Netherlands because of better tax deals. What does that say about our country. 🙈
(DIR) Post #ATDW27o1YLEdzzNkbQ by kevinteljeur@mastodon.online
2023-03-02T21:03:47Z
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@stux Welcome to Ireland! We will happily fight the European Commission for your right to not pay taxes here. You don’t need to threaten us, we’ve threatened us for you.Also, you should consider buying housing for your workers, we can’t afford to make housing work lol
(DIR) Post #ATDhi5pQOUpbWZFfWa by kevinrns@mstdn.social
2023-03-02T23:14:39Z
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@stux Aye. "It's too hard to resist the very very wealthy." he said writing a very very big check to the very very wealthy."
(DIR) Post #ATDiXrO7KQJVnRABcW by Cassandra@artisan.chat
2023-03-02T23:23:59Z
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@stux That's why we need international standards, so companies won't play one country against another.
(DIR) Post #ATDj9eQFyxC8aZBTkG by RoseFlint@mastodon.world
2023-03-02T23:30:49Z
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@stux i think big companies that take their jobs overseas to avoid taxes should have to pay a huge fee to bring them back to sell in the US. It's ridiculous how billionaires don't pay taxes or affordable incomes. There needs to be better opportunities for young people in the U.S.
(DIR) Post #ATDkt4xWGb3bsLy5EO by antimagaglitterbomb@universeodon.com
2023-03-02T23:50:13Z
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@stux Small businesses are job creators, too, AND are integral parts of their communities. They should absolutely get tax breaks.
(DIR) Post #ATEAU9zZ0yel3Ohd7g by IAmDannyBoling@mstdn.social
2023-03-03T04:37:06Z
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@stux Preach!! 👍
(DIR) Post #ATEHafME0jV9kULrf6 by Sh4d0w_H34rt@mstdn.social
2023-03-03T05:56:43Z
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@stux really, their needs to be massive exit taxes and penalties on companies when they decide to leave a country.
(DIR) Post #ATEIPsgYDZI1qxHQe0 by jzzvid@queer.party
2023-03-03T06:05:55Z
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@stux When companies say "we'll move from your state" the states need to seize their property and arrest every member of management the company and put them on trial for tax evasion.
(DIR) Post #ATEYZSBTCbyNp6KRYu by kkarhan@mstdn.social
2023-03-03T09:06:55Z
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@stux +9001% it's legalized blackmail and IMHO all revenue should be taxed where it's being generated.The fact is that all regulations to avoid tax fraud is only flexing against small businesses, not big corporations.And yes, I think that if necessary the GAFAMs need to be banned from offering their businesses if they aim to commit tax fraud.
(DIR) Post #ATEYcrTVcym789OKTQ by kkarhan@mstdn.social
2023-03-03T09:07:37Z
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@calculsoberic @mishari @stux doesn't make it less unjust tho.Espechally since corporations ain't voters in a legal sense...
(DIR) Post #ATErrO1zHPpdHi9r6W by EdSanders@mstdn.social
2023-03-03T12:43:05Z
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@stux the threat to move is what you see up front, the back room deals for nephew jobs and “contributions” is very much why it works.
(DIR) Post #ATFAse1HDcK4I68flQ by bananarama@mstdn.social
2023-03-03T16:16:16Z
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@Cassandra @stux Thankfully this is already being developed and implemented in a few countries.https://www.weforum.org/agenda/2021/11/global-minimum-tax-rate-deal-signed-countries/
(DIR) Post #ATFCyIYA9efRLlLQye by bananarama@mstdn.social
2023-03-03T16:39:42Z
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@RoseFlint @stux Trump and Dubya both did this. It doesn't work very well.
(DIR) Post #ATFDG3TyuiW9pcr8oi by bananarama@mstdn.social
2023-03-03T16:42:54Z
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@kkarhan @stux Revenue is not taxed though.
(DIR) Post #ATFDT4OCqyP4PPMQM4 by kkarhan@mstdn.social
2023-03-03T16:45:16Z
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@bananarama @stux that is the problem as it allows for false profit reduction using ficticious "licensing fees" that solely are done to commit tax fraud with bookkeeping tricks.
(DIR) Post #ATFUN7c5eVtTtIbWqG by bananarama@mstdn.social
2023-03-03T19:54:41Z
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@kkarhan @stux It could be anything, licenses are easy and efficient though. It's not tax fraud though. There have been cases of tax fraud, but the accounting schemes you're describing are not fraud.A plausible solution is to make it much more difficult for tax havens to exist and level the playing field for tax rates across the world, which is already in progress. https://www.weforum.org/agenda/2021/11/global-minimum-tax-rate-deal-signed-countries/
(DIR) Post #ATFpb19eYo7Wx2lpUe by kkarhan@mstdn.social
2023-03-03T23:52:30Z
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@bananarama @stux Depends.I think banning said accounting trick by just creating absurdly high "licensing fees" out of thin air to reduce the profits to 0 can be sone and would be far easier.
(DIR) Post #ATGBCVFTjURs2QD8We by bananarama@mstdn.social
2023-03-04T03:54:34Z
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@kkarhan @stux OECD knows what they're talking about. Banning a specific accounting trick has been done before, it isn't particularly effective. You should give the policies a read.https://www.oecd.org/tax/transparency/