#profitshifting — Public Fediverse posts

Microsoft's Profit Shift to Low-Tax Countries Sparks Tax Controversy

📰 Original title: Did Microsoft Shift Its Profits to Low-Tax Countries?

🤖 IA: It's clickbait ⚠️
👥 Users: It's clickbait ⚠️

View full AI summary https://en.killbait.com/microsoft-s-profit-shift-to-low-tax-countries-sparks-tax-controversy.html?utm_source=mastodon_world&utm_medium=social&utm_campaign=killbait.mastodon_world

#business #corporatetaxes #profitshifting #taxavoidance

#Tesla reported owing $0 in U.S. federal #taxes for all but one of the past 20 years. A #Reuters analysis reveals how Tesla units in the #Netherlands and #Singapore in recent years posted $18 billion in #profits that were not taxed in those ‌countries. Thanks to the help of a common corporate tactic called #profitshifting those profits were not reported or taxed in the United States, either. The maneuver likely enabled savings of more than $400 million on U.S. taxes, the analysis shows.
#uspol

Not a peep from Australia's mainstream media! The Accountability and Corporate Transparency Coalition has praised the Australian government for passing world-leading tax transparency laws. These laws will require many large multinationals, including up to half of all major U.S. firms, to publicly report country-by-country tax and financial data for high-risk jurisdictions linked to profit shifting and tax avoidance. A big step forward for accountability!

#taxtransparency #australiangovernment #corporateaccountability #profitshifting #taxavoidance #multinationals #auspol

https://thefactcoalition.org/australia-public-cbcr/

Just been listening to people on a Podcast claiming that the UK government can't effectively tax multinationals because #ProfitShifting. This is bogus.

Profit Shifting is blatantly tax evasion, so prosecute it as tax evasion; maximum penalty is life imprisonment. If the law needs tightened to make it clear that it's tax evasion, that would be a popular change.

https://taxjustice.net/faq/what-is-profit-shifting/

>>>

@iameru @ana_krchdrfr

(4/n)

...#Großunternehmen ab 750 Mio. #Gruppenumsatz. (2)

Dies ist dennoch ein gewaltiger Fortschritt!
2008 wurde der deutsche #Körperschaftssteuersatz von 25% auf 15% gesenkt. (3)
Hinzu kommt jedoch noch die nicht unerhebliche #Gewerbesteuer.

Für alle Steuern auf #Gewinneinkünfte über 15% ist man wieder im Bereich des internationalen #Steuerwettbewerbs.
Fiktive #Gewinnverlagerungen (#ProfitShifting) z.B...

(2)
https://www.bundesfinanzministerium.de/Content/DE/FAQ/faq-globale-mindestbesteuerung.html

(3)
https://de.m.wikipedia.org/wiki/K%C3%B6rperschaftsteuer_(Deutschland)