Corporate Taxes: A global comparison

The Druids Grove combined Off Topic Forum. Politics, science, random oddities - discuss them all here. - Low Moderation
Post Reply
User avatar
Zute
Posts: 162
Joined: Thu Oct 14, 2010 8:50 pm

Corporate Taxes: A global comparison

Post by Zute » Mon Feb 07, 2011 9:31 pm

Formerly known as Panamah

User avatar
Tudamorf
Posts: 369
Joined: Thu Oct 14, 2010 2:45 am
Location: San Francisco

Re: Corporate Taxes: A global comparison

Post by Tudamorf » Tue Feb 08, 2011 12:50 pm

What? Argentina has a tax rate of 108.2%? How does anyone stay in business?

Fyyr
Posts: 294
Joined: Sat Oct 16, 2010 2:32 am

Re: Corporate Taxes: A global comparison

Post by Fyyr » Wed Feb 09, 2011 9:58 am

Corporate tax is only on profit.

For those who are informercially challenged, that's only the part after all other expenses and costs.

User avatar
Tudamorf
Posts: 369
Joined: Thu Oct 14, 2010 2:45 am
Location: San Francisco

Re: Corporate Taxes: A global comparison

Post by Tudamorf » Wed Feb 09, 2011 12:44 pm

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
Posts: 66
Joined: Fri Oct 15, 2010 2:33 am

Re: Corporate Taxes: A global comparison

Post by erianaiel » Wed Feb 16, 2011 2:38 pm

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

Post Reply