Corporate Taxes: A global comparison
Corporate Taxes: A global comparison
Fun chart to play with: http://www.bloomberg.com/insight/global ... index.html
Formerly known as Panamah
Re: Corporate Taxes: A global comparison
What? Argentina has a tax rate of 108.2%? How does anyone stay in business?
Re: Corporate Taxes: A global comparison
Corporate tax is only on profit.
For those who are informercially challenged, that's only the part after all other expenses and costs.
For those who are informercially challenged, that's only the part after all other expenses and costs.
Re: Corporate Taxes: A global comparison
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.
Re: Corporate Taxes: A global comparison
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.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.
As any halfway competent accountant will arrange for you.
Eri