Germany approves global minimum corporate tax
fiat_lux @ fiat_lux @kbin.social Posts 12Comments 1,008Joined 2 yr. ago
fiat_lux @ fiat_lux @kbin.social
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12
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1,008
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2 yr. ago
Multinational firms will have to pay that level of tax on all of the profits they make worldwide, regardless of where the profits are generated.
If I have understood correctly from the article, this tax seems to apply to profits instead of revenue. If that is the case then all this does is justify companies hiring 10 more accountants and lawyers to find more novel ways to launder real corporate profit from exploitation into personal profit. Publicly traded companies might take a small hit to their next annual reports, but private businesses will experience almost no effect at all.
If a company has bought and "loaned" or given their executives cars, phones, food and rent stipends, paid for lavish parties with friends clients, bought out their family's "startup" and put their kids on the payroll, started their own charity that functionally does nothing, and employed people to be their personal butler assistant, and contracted out their everything to other friend's businesses, then those are considered "expenses". The actual profit has been "reinvested back into the business" and the tax is applied to what is basically pocket change because the money has been spent. It doesn't matter that the gold toilet in the CEO's personal office bathroom isn't necessary, it still counts as an expense. The core problem persists, the only thing it just changes the numbers on the documents.
"Reducing tax" is how companies strengthen social imbalance by consolidating power amongst a small group of people and exploit global markets. It's not something to write off as an understandable necessity. This is why GDPR specifically targetted revenue instead of profits as the base value.
But it's late and I may have missed a key phrase or three in the article. That also happens.
And I get annoyed about people leaving rental bicycles scattered on the footpath where I live. Jesus Christ. Does this not run afoul of public infrastructure accessibility laws in Scotland or are there just none that cover the topic?
This is great in theory, but many companies just redirect actual profits back into "expenses" like donations, bonuses, consultancy fees, etc. Whatever writes off more taxes.
This will apply to all such companies and large-scale domestic groups with turnover above 750 million euros ($800 million) per year.
Yeah, OK. If they're doing that kind of turnover the business most certainly has an accounting department and financial "strategy" in place. If Germany wanted to make it real they would have approached it like GDPR fines where it is based on global revenue, not profits.
This looks like political theater to me, and the unanimous party support seems to back that theory, but i don't have enough German ability or the desire to dig further.
More detailed tl;dr: Suspected Border Gateway Protocol (BGP) flooding possibly after software or firmware update.
Such degradation, so graceful.
Lol, I'm sorry your healthcare providers have also been useless. Especially a rheum... Jesus wept. They're supposed to be better at the complex stuff.
A relative of mine was once told his pilonidal cyst was his spinal fluid leaking. Another person I know had a skin symptom dismissed as "women tend to be more sensitive (as in aesthetic awareness) to these things".
I've been misdiagnosed a few times too, thankfully with only limited (maybe, who really knows) damage done as a result.
Trying it as soon as I can make myself order some that doesn't look suspicious as fuck and isn't an overpriced predatory health grift / scam.
I do also unfortunately use a couple of the drugs which risk seratonin syndrome already, so I will be going as slow and steady on dosage as physically possible.
Health tinkering fucking sucks and I hate that this is where my life is at. Dr House is a fairytale made up to convince the masses that someone qualified will care when you have complex health conditions.
This forces my team to find creative ways to keep them working while also taking measures to isolate them as much as possible. I also use them to teach old exploits that have been patched in more recent versions, walking people through how it worked and why it existed.
I am interested in learning more about this. I know a fair bit about networks but exploit history and modern attack / defense strategies and server hardening are not my main specialty. Do you have any good links or resources that you can share?
As someone with long covid memory issues who hopes to do things with their life (but not exploitative things like the Trump family), this comment hurt a little. I know it's not targeted at me but life already feels much harder without the reminder that I'm perceived as less capable.
That's probably also my long covid low serotonin though.
I have a different kind of neurodiversity and frequently get the same thing.
Also, they never witness my mountain of failed combinations and draft ideas 😅 Throw enough shit and something will stick!
That's a very generous and optimistic view of Optus' processes and infrastructure dependencies. I'm unsure why you would assume they're in any way robust, especially considering Optus' history.
require an idea but the truth is i have nothing and im not sure how to get an idea or if its even possible for me due to my autism or how my brain works.
Creativity is just connecting two or more seemingly unrelated things, and combining them into something new. People with autism are definitely capable of doing that, even if it might require a non-traditional approach or different ways of getting there for you.
You can start generating ideas just by practising combining different things and seeing what happens. For example, maybe you like music. Take your favourite tune and try it with instruments that were never intended to play it. Speed up different parts and add a new beat to match a different song you enjoy, slow parts down, change the key, etc. If you like the result, keep adding. Maybe you'll find a pattern in the combination you enjoy and you can combine that with something else. Maybe you don't like it, start with 2 different new ingredients. Or still use it and think about what you could add or take away to like it more.
It doesn't have to be music, it could be programming or drawing or data analytics or writing or cooking or lego or anything.
By practising combining things snd evaluating the result, you are generating ideas. At some point eventually, one of them will be something you enjoy building on.
Add in a dash of "trying something new" if you think you can manage that too!
That's just propaganda to dissuade local action. There are plenty of unions everywhere getting things done for their members on much smaller scales through local industrial action.
That's why I only said it was a little weird. But there have been many populations in the world who have still protested despite the risk to their lives, immediate or otherwise, which is why I can't quite grasp how a slow death is what people are choosing for this specific issue.
It's not a US only problem either, most of the world is willingly going down the same slow death route with roughly equivalent problems, despite better laws around healthcare. This is why I wonder about the psychological aspect of protest and immediacy and what public political pressure needs to look like in today's world.
The entry level salary for a US restaurant worker is $30,000. That number also puts them at around the 50% mark for the globally richest people, when measured by income.
These debts are not just held by people who are unemployed. Given around 1 in 5 Americans already self-identify as having a disability, and most disabled people can't get employment, there are a lot of people who aren't even hitting $30k. The trend of increasing disability prevalence will also continue with an aging population, more people contracting long COVID and climate-change and environmentally influenced health problems that come with polluted air/water and extreme weather events.
How is it that the richest people in the world can't afford to live but also can't afford time off work to protest the own government's internal policies? It's a little weird to me that people aren't on the street in the US protesting about slow death from economic inequality, but the Palestine genocide protests have been huge. Granted, the Levantine has a pretty strong cultural tradition and pride around protests.
I honestly don't know. I'm just thinking out loud about why protests only really happen with immediate events and how political movements mobilize. Maybe this is actually a media coverage issue rather than a people motivation issue.
Given the existence of world powers, realistically we are never going to get UN intervention where countries like US or China are stakeholders, so that's not how it is designed. It would just turn into open warfare and we would probably be on WW6 by now.
I mean, yes, but it would still be nice for the UN to think about addressing its own systemic biases in deciding what deserves intervention. For starters, by looking at why only those 5 nations conveniently have eternal veto on the Security Council instead of something like a rotating country moderator panel like other councils.
Given the UN literally created the modern state of Israel and defined its borders in 1947, which arguably is part of the reason this particular dispute over the territory, which happens to have been annexed by Israel in 1948.
The original UN map before the First Modern Arab Israeli war for anyone unfamiliar with it.
Falling on ears deafened from the bombs and guns and eyes blinded by rage and hatred. You're going to actually have to do something, UN. Research, advocacy and reporting is all very valid work worth doing, and I appreciate it more than you could possibly know, but there's no reasoning with power-hungry aggrieved zealotry. Logic works when the audience's primary motivation is based in logic.
Good thing they sent a strong message to rioters that the consequences for storming the Capitol to overturn an election is... maybe a couple of years in prison maximum. I'm sure that's enough to dissuade Trump from trying again. He wouldn't want to hurt his supporters, would he? /s (every sentence)
It's a stark contrast of response to the Russian invasion of Ukraine. It turns out there are limits to the "right to self defence" and those are mostly governed by public narrative.
Sadly, it's only the people in the disputed territories and their families that truly suffer consequences for their decision to salt the earth.
For sure. Which is one reason I expect house arrest is so likely. All it takes is for one of the major multiglobals to be in some scheme that the government has decided to crack down on, and there's your leverage in sentencing negotiation. It's why I've given up on the concept of rich people going to prison, there's always another fish they can offer up for frying, because billionaire social circles are tiny.
But I'm guessing you probably wouldn't think twice about an invoice for a contracted architecture firm for renovation plans, or a plumber's parts and labor for extensive work. It's not like accountants are inspecting all the invoices and checking the boss' private bathroom for signs of excessively expensive and gaudy taste. Especially if you're a contracted third party. Do you even technically need to be on the same continent?