How would it not go away? If there's no corporate tax then the profit is going t... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

Aerroon on June 6, 2021 | parent | context | favorite | on: G7: Rich nations back deal to tax multinationals

How would it not go away? If there's no corporate tax then the profit is going to be taxed at 0%. Moving that money around won't help you. But if an investor wants to personally use that money, then they'll have to pay personal income tax in the country he's in or is a citizen of.

riffraff on June 6, 2021 [–]

Because the problem would be that "Jeff Bezos has extracted X money from France" instead of "Amazon has extracted X money from France".

The problem is not that the money disappears from earth, but that is shifted from one country to another.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact