Oct 07, 2015 12:00
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Comments 16
But my first reaction is skepticism. Regulation of transfer pricing and double non-taxation would be wonderful, if possible. I don't think it's possible without a fully functioning, complete World Government. Because they're right to point out these losses affect developing countries in particular, and the reason they do that is because most of the developed economies in the countries this is being proposed to rely on exploiting those developing countries as tax havens. They have no real incentive to change that.
It's like, why isn't aid to Podunk working? Because for every $1 of aid we give the Grand Podunk Ministry, we deprive them of $10 through Faceless Inc. using the country to disappear its profits, and then we use stoppage of aid as blackmail to keep them from tightening up their rules.
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Otherwise you get stuff like:
http://arstechnica.com/business/2015/10/apple-google-microsoft-hold-more-than-336b-overseas-via-legal-tax-loopholes/
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No wonder the Tories want us out of Europe. They'll never get away with transforming the UK into a Chinese-style fascist workplace while we're still protected by the European courts and legislations.
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MacDoodle Street had a character who went into a mystical trance when he washed dishes.
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