The rich are rich because they own real physical assets, like the supermarkets, utilities, factories, etc. It is very difficult for them to move these assets with them overseas.
A really good example of this is Roman Abramovich, a Russian oligarch who owned the Chelsea FC. The UK government sanctioned and froze Abramovich’s assets due to the Russia-Ukraine war, and Abramovich was forced to give away Chelsea FC.
Mhmm if you runaway from paying your share then everything you own in our country is no longer yours. When you try to come back later your ass is going court, sucks to suck.
The argument that makes more sense I’ve seen in this line of thought is that it will stop NEW investment in your country by people on the outside. If someone is expanding and considering your country or another with less taxes, they will go there and not give your country the value growth of their business, leading to less taxes for you. The low tax is incentive to come invest.
On the surface sure but in reality I kinda double down. Like if future dodging taxes is a requirement for you investing then like, no thanks? Cuz the people really paying the taxes long term will be the middle and lower class again
Same. But I think their argument is that the investment is a net positive, but only if you actually get them to invest in your country and not the neighbours.
I can see why they would think that, but I agree with you that in reality it isn’t beneficial.
Id rather have internal companies invest in that hole in the market than reduce the taxes to have someone foreign invest in it, while moving a lot of that money out, leaving a tiny surplus.
It would be better for that internal investment to leave a LARGE surplus, and have no money leave.
As you have no uncovered their main excuse: We are forced to close those jobs and move them over to China/India/anywhere else because we can’t maintain the current prices and taxes.
That could be fixed in the EU if decided on that level.
OC they don’t, they do instantly close the loopholes us peasants might have tho.
Something cheaper/better in another EU country?
EU: “We have done something good and harmonised this matter so there is no more disadvantage between our countries” = raises prices to the level of the worst country.
“If we tax the rich, they just move to another country!1!!1!”
Yea, we will tax them there too. And take half of your hoard when they move. You stole long enough from us…
The rich are rich because they own real physical assets, like the supermarkets, utilities, factories, etc. It is very difficult for them to move these assets with them overseas.
A really good example of this is Roman Abramovich, a Russian oligarch who owned the Chelsea FC. The UK government sanctioned and froze Abramovich’s assets due to the Russia-Ukraine war, and Abramovich was forced to give away Chelsea FC.
Let’s all sign international tax agreement so the rich can’t flee, and if they do : requisition by the workers. Seems fair to me.
Who cares if they flee. The people shall then take control of their assets they leave behind!
The real estate, factories, etc they leave behind. Leave it to the people!
Mhmm if you runaway from paying your share then everything you own in our country is no longer yours. When you try to come back later your ass is going court, sucks to suck.
This is a beginning https://en.m.wikipedia.org/wiki/OECD/G20_Inclusive_Framework
And of course Trump is using bullying as a means to keep his rich friends/circlejerk rich.
I still don’t understand why the EU didn’t just buckshot the shit out of it, but just keeps saying “we might do it back”.
I hate that argument.
“People who are taking more than they give will leave if we ask them to pay their fair share!”
Fucking grand, get out. Or better yet, pay up. Best case, pay and leave.
The argument that makes more sense I’ve seen in this line of thought is that it will stop NEW investment in your country by people on the outside. If someone is expanding and considering your country or another with less taxes, they will go there and not give your country the value growth of their business, leading to less taxes for you. The low tax is incentive to come invest.
On the surface sure but in reality I kinda double down. Like if future dodging taxes is a requirement for you investing then like, no thanks? Cuz the people really paying the taxes long term will be the middle and lower class again
Same. But I think their argument is that the investment is a net positive, but only if you actually get them to invest in your country and not the neighbours.
I can see why they would think that, but I agree with you that in reality it isn’t beneficial.
Id rather have internal companies invest in that hole in the market than reduce the taxes to have someone foreign invest in it, while moving a lot of that money out, leaving a tiny surplus. It would be better for that internal investment to leave a LARGE surplus, and have no money leave.
Wait, you mean the people that use our resources and don’t pay taxes would go away?
Man, that sounds so awful… What would we do without them…
As you have no uncovered their main excuse: We are forced to close those jobs and move them over to China/India/anywhere else because we can’t maintain the current prices and taxes.
Shoutout Norway.
That could be fixed in the EU if decided on that level.
OC they don’t, they do instantly close the loopholes us peasants might have tho.
Something cheaper/better in another EU country?
EU: “We have done something good and harmonised this matter so there is no more disadvantage between our countries” = raises prices to the level of the worst country.