Reply to post: Re: taxation vs economic activity

European nations told to sort out 'digital tax' on tech giants by end of year


Re: taxation vs economic activity

Which is all fine if everybody plays the game and takes their income from the company (whether salary, bonuses, stock, dividends etc) on-shore, and pays their local taxes. However, when both the companies and the large recipients of the payouts are nicely hidden in tax havens, or are playing the Double-Dutch Irish Sandwich games, then NO revenue comes back to the nation(s). Likewise for companies building up massive offshore cash mountains, which isn't really helping any economic activity.

The rosy view of Capitalism is like the rosy view of Communism. Human nature gets in the way...

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