There was some pretty big news today which will definitely effect a bunch of businesses with operations around the world. It\u2019s very common for a large company to transfer all their head office and funds to a country different than the one they are mainly doing business in as a way to pay less taxes. But with this new agreement there is going to be a minimum of a 15% global corporate tax which will change a lot of businesses.<\/p>\n
I don\u2019t imagine companies immediately closing down locations that were primarily acting as a tax shelter of sort, but any company that was planning do such an action will probably hold off now. This comes during a time where it seems like regulators are really going after companies in the digital space as the old laws simply weren\u2019t designed for how things ended up.<\/p>\n
This should theoretically help everyone else as well where companies who normally saved money this way would end up paying the anticipated amount which then gets redistributed in tax spending.<\/p>\n","protected":false},"excerpt":{"rendered":"
There was some pretty big news today which will definitely effect a bunch of businesses with operations around the world. It\u2019s very common for a large company to transfer all their head office and funds to a country different than the one they are mainly doing business in as a way to pay less taxes. […]<\/p>\n","protected":false},"author":1,"featured_media":12910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[5953,7935,7936,21],"class_list":["post-12909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-corporate-tax","tag-g7","tag-money"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2021\/06\/g7.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-3md","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=12909"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12909\/revisions"}],"predecessor-version":[{"id":12911,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12909\/revisions\/12911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/12910"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=12909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=12909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=12909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}