Quote:
Originally Posted by martyh
I personally think that tax should be up to the individual country ,i think it better to encourage companies with low tax levels to set up business which then increases employment and further increases the tax revenue of said country .
|
Well it can do and that's what corporation tax does IMO. However if you can create almost a shell entity in the lowest tax environment possible then the ultimate end result is poorer countries and richer companies. 0.005% is madness and wasn't the tax rate paid by most other Irish companies. A balance needs to be struck between the benefit you've suggested, which I agree with, without going to the extremes.
The part I do dislike though is that Apple did seem to strike this deal legally with Ireland and operate within the law so I am not sure about the retrospective element of this judgement.
To be honest the whole thing multi-national tax situation needs to be looked at. The other element here is how do you decide what is profit on a product where most of the design and development happened elsewhere.