Quote:
Originally Posted by Sephiroth
But then won’t they simply locate their profit HQ to a different tax jurisdiction? Better they pay corporation tax here.
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It's worked before and they didn't relocate but if you did it every year they might. Don't forget, we're
lagging behind some of Europe on this and Italy has introduced a windfall tax
Also remember in this case it's profits they didn't expect to get, so it shouldn't impact on them too much - just restoring their profits and dividends to what they forecast.