Corporate Taxes: A global comparison

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Zute
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Corporate Taxes: A global comparison

Post by Zute »

Formerly known as Panamah
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Tudamorf
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Re: Corporate Taxes: A global comparison

Post by Tudamorf »

What? Argentina has a tax rate of 108.2%? How does anyone stay in business?
Fyyr
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Re: Corporate Taxes: A global comparison

Post by Fyyr »

Corporate tax is only on profit.

For those who are informercially challenged, that's only the part after all other expenses and costs.
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Tudamorf
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Re: Corporate Taxes: A global comparison

Post by Tudamorf »

If I tax 108% of your profits, then not only am I taking all of your profits, I'm charging you an extra 8%. So even if you run a non-profit (most people won't), you're going to go out of business unless you infuse that 8% from an outside source every year.
erianaiel
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Re: Corporate Taxes: A global comparison

Post by erianaiel »

Tudamorf wrote:If I tax 108% of your profits, then not only am I taking all of your profits, I'm charging you an extra 8%. So even if you run a non-profit (most people won't), you're going to go out of business unless you infuse that 8% from an outside source every year.
Or if you can cook the books so it looks like you are operating at a loss and thus are not required to pay any tax at all.
As any halfway competent accountant will arrange for you.


Eri
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