So the G7 is getting together to make multinational companies pay their “fair share” of tax.
G7 leaders have struck an “historic agreement” to force internet giants to pay more tax, including in the UK, Rishi Sunak has announced.
The agreement will “make sure the right companies pay the right tax in the right places”, the Chancellor pledged.
The breakthrough – the result of a major push by US president Joe Biden – follows years of largely futile attempts to end massive tax avoidance by major tech firms.
Now they would be forced to pay a corporation tax rate of at least 15 per cent, allowing the rate to rise in future after Mr Biden originally proposed 21 per cent.And, even more importantly, 20 per cent of the profits of around 100 of the biggest firms – likely to include Google, Facebook, Amazon and Microsoft – would be reallocated to the countries where sales have taken place.
This all sounds so noble (no, not really – Ed). In reality it is how criminal gangs extort money from legitimate businesses. It’s a protection racket with a patina of legitimacy granted by the criminals in question being the government. Nice multinational, you have there, mate. Be a shame if anything happened to it. These people are just the Kray brothers in disguise.
Don’t get me wrong, I don’t hold a candle for their victims here, but I despise these people beyond measure. There is no such thing as “fair share.” Also, tax avoidance is a sacred duty. We all do it to a greater or lesser degree. The less that government steals, the less it has to spunk up the wall on its insane schemes.
First they came for the internet giants …
It takes something when I fall on the side of those bastards.
No company pays tax. The shareholders, their employees and the customers are the ones who pay any tax, through lower dividends, lower wages and higher prices.
Politicians really are the scum of the earth.
But to put it into context, 7 admittedly large countries have agreed this in principle – that leaves almost 200 countries who have not joined in this plan. Until the very last of the countries signs up, the multinationals will still find accommodating homes for their token bases. Nothing’s changed.
Yeah, context is everything: Jeff Bezos is rich beyond the dreams of Croesus @ $178B. Wow, a grotesque amount of money, he can’t possibly deserve all this wealth, so steal it from him and divvy it up amongst the rest of us.
Now, what I am I going to spend my $25 on?
Governments are just looking at more ways to get their hands on other peoples money.
p.s. I like the way Nigeria has dealt with Twitter. I also like the outrage from Twitter that they are being ‘silenced’, you know, in the same way they have done to Trump and any other user who they disagree with. Biter bit.
This is Mr Sunak’s ( together with the rest of the rats) cunning plan to increase taxes on us without actually raising income tax.
These corporations won’t be paying this tax, rather we their customers will be doing so with increased costs for their goods and services.
So Amazon, who continually reinvest so that they barely break even, will continue to “evade tax” in the eyes of these Marxist retards simply because they reinvest and are looking for growth over profitability. This shit is going to run-and-run.
That would seem to put small countries like Ireland, Luxembourg and Liechtenstein in a bit of a bind then. I expect to see a lot of political photo shoots and “agreement in principle” followed up by a lot of inaction.
Governments are like pigs at the trough. They always want more.