[HN Gopher] Dutch Cabinet wants minimum 15% corporate tax to cut...
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       Dutch Cabinet wants minimum 15% corporate tax to cut down tax
       avoidance
        
       Author : belter
       Score  : 15 points
       Date   : 2023-06-05 22:02 UTC (1 hours ago)
        
 (HTM) web link (nltimes.nl)
 (TXT) w3m dump (nltimes.nl)
        
       | schnuri wrote:
       | Are there popular tax avoidance schemes using the Netherlands?
       | 
       | Double Irish with a Dutch sandwich seems to be deprecated.
       | 
       | Great that the Dutch cabinet is stepping up their fight against
       | tax avoidance.
        
       | Animats wrote:
       | > The proposal is part of an international agreement concluded in
       | October 2021 by nearly 140 countries.
       | 
       | Which is this.[1][2]
       | 
       | It's been in effect in the US since last year. Unclear what the
       | loopholes are. Comments?
       | 
       | [1] https://www.weforum.org/agenda/2021/11/global-minimum-tax-
       | ra...
       | 
       | [2]
       | https://en.wikipedia.org/wiki/Global_minimum_corporate_tax_r...
        
       | gadflyinyoureye wrote:
       | Taxes on corporations don't make sense. They pass it on to
       | consumers. Or they pocket the difference when repealed. Make a
       | law that drops taxes and requires companies to reduce prices of
       | goods and services.
        
         | cwaffles wrote:
         | * * *
        
         | JimtheCoder wrote:
         | "Make a law that drops taxes and requires companies to reduce
         | prices of goods and services."
         | 
         | Gov't control of prices has worked so well in the past, so why
         | not...?
        
         | robertlagrant wrote:
         | Well, they pass it on to consumers, or they pay their staff
         | more, or, if those two are competitive enough, they pass it on
         | to the pension funds etc that invested in them as dividends.
         | 
         | But as an elected representative it's better to take that money
         | and spend it, and claim the credit for the results of spending
         | their money. Having had at least a bit of a think, I can't
         | figure out a way to have a decent political system that doesn't
         | trend to infinite spending.
        
         | BiteCode_dev wrote:
         | Consumers don't have infinite money and prices are adjusted for
         | the sweet spot for profitability.
         | 
         | This sweet spot may give a large gap for reducing the margins,
         | while the consumer budget may not allow for raising the prices.
         | 
         | All in all, companies will work hard to find a way to stay
         | profitable, and your tax will benefit from that.
        
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       (page generated 2023-06-05 23:02 UTC)