SoylentNews is people
SoylentNews is powered by your submissions, so send in your scoop. Only 16 submissions in the queue.
SoylentNews
Submission Preview
UK to Tax Tech at Two Percent of Revenue
Accepted submission by MichaelDavidCrawford http://www.warplife.com/mdc/
at 2018-10-30 16:43:34
from the render-unto-caesar-dept dept.
Please write this up, I'm preparing for tomorrow's surgery. Well I would be were I not trolling The Tubes just now.
https://www.wsj.com/articles/u-k-to-roll-out-developed-worlds-first-digital-tax-1540831931 [wsj.com]
Companies with global revenue over 500 million pounds will have their local revenue taxed at 2%.
I strongly oppose taxing any company's gross revenue. Profit taxes are reasonable, but there are lots of companies that have very thin margins.
Save energy: be apathetic.
