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Most of those loopholes have now been closed, and the Irish corporate tax take from global MNCs has been soaring. It is this tax take the US is very keen to claw back for its own coffers, even though the profits have been generated on sales throughout the world. Without some form of digital sales tax, those countries in which the sales/profits have actually been generated will continue to lose out - hence the US's very firm opposition to digital sales taxes which it sees as primarily directed at its own global behemoths and reducing their potential taxable profitability in the US.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Sep 9th, 2021 at 08:33:08 AM EST
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