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Deal Reached On Global Minimum Corporate Tax Rate Of At Least 15%

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Besides these points.
Dubai is quite nice city. It has quite⁣ an Asian vibe due to so many Asians working there and I think sometimes I⁢ am in Bangkok or Manila, but with all the crap/noise/dirt/hustle inherent to these cities.
I wonder how the perception will change when I live there for months to no end︀ but I assume it to be similar to having lived in asian cities.
Nordic places︁ have harsh weather and the people tend to be cold/standoff-ish whereas Dubai is a melting︂ pot and many are immigrants.
 
Does China/HK and Russia really report under CRS? They say so‍ but in practice I wonder if anyone has first hand knowledge about that.
 
The truth is that majority of the residents here have no other option. The salary gap⁠ between here and their home countries can often be x5 or x10. And this is⁤ not only Pakistan, India, Bangladesh, Philippines, Egyptians. Such salary disproportions are also present in Central⁣ Europe. A qualified Western educated nurse can earn 5x more than what she gets in⁢ Poland for instance. There is no way Egyptian non surgeon doctor will earn $12k per︀ month in Egypt, more like $2k if he is lucky. Talk to Egyptians professionals and︁ you will immediately realize, they would come back to Egypt immediately if they would be︂ able to earn 50% of their UAE salary. Problem is they are not able.
 
Good points. And the other high salary places can be︂ hard to immigrate to. Singapore become tough and Europe from non-Europe origin is quite hard︃ to immigrate.

Also since 2020, Singapore, Hong Kong is tough to get in and Asia︄ suffers from the covid paranoia quite a lot and they hammer quarantaine left and right.︅ Europe is also pretty closed for any non-European. Panama is also meh with new curfews︆ instituted the last days.
So Dubai stands out here.
 
Look, CRS is about information exchange of foreign account holders and‍ doesn't affect residents inside country and doesn't oblige residents to any payments, but when it's⁠ about real money tax, things may get different, of course globalists are trying everything, they⁤ have a lot of puppet states joined together, but I predict their plans will not⁣ work, because non G7 states are developing fast, G7 states are degrading and just trying⁢ catch whatever people and companies they can, I think it will fuel organised opposition and︀ will work other way they think
 
Can not agree more .
CRS does not︀ effect UAE economy.
If you impose tax UAE will badly effected.

Thanks
 
Wishful thinking at best unfortunately. Greater than 15%︀ corporate tax is what majority of countries have already. So not sure why they would︁ be opposing such a tax rate that has zero impact on them 😕. The only︂ people that will be affected is zero tax countries hence a couple of Gulf states︃ and some Caribbean islands which hold zero sway in the global order...lol.
 
Healthy debate is always good‌ as there nothing worse than being in an echo chamber of one opinion 😛.

Ok so his argument in article is it won't work because India offers tax breaks and‍ he is not sure how it can be enforced anyway conf/(%. Well we don't have⁠ the text of any agreement to answer this so devil will be in the detail⁤ of such an agreement.

More important is to understand that the headline tax rate of⁣ 15% does not mean much when most companies can delay every showing a profit for⁢ years like Amazon used to do. They will just simply re-invest earnings and can make︀ their profits zero and effective tax rate zero....lol.
 
This is the most interesting part. Think⁠ the so-called Estonian model which has been copied by quite a number countries. It is⁤ even more harmful than simple re-investing. And this is a tax model initiated by an⁣ EU member state .... stupi#21
 
Not exactly the same

Estonian model = you pay tax only on DISTRIBUTED dividends,⁤ but not on profits
Amazon model (or Uber\Dash\Palantir\etc) = you re-invest the profits into the⁣ business so you don't make any profit therefore there is nothing to tax you on⁢
 
But isn't the whole point to receive dividends...? If a corporation has no profit, no‌ dividends are paid out, so why have stocks in that company?
 
Not necessarily, you also get a profit from capital appreciation and then you sell⁠ the stock or part of your shares.
 
Yes, of course, but if you sell the share...you would need to buy new shares...and‌ sell...and buy...

With dividends you just buy more shares and thus more dividends is generated‍ - which seems to me be the easier way to passive income.
 
theoretically yes. It depends on your strategy’s approach. You have bonds and CD’s⁠ as passive income too.
But your reasoning is limited by the numbers of shares available,⁤ otherwise everyone will be doing the same and the business will keep issuing shares infinitely?⁣
If the company doesn’t pay dividends but rather reinvest in itself, the number of your⁢ shares doesn’t increase but the value does. So it’s almost the same you will get︀ by buying more share with the dividends. There is some literature that shows market returns︁ are composed of capital appreciation+dividends, being capital appreciation responsible of I think it was 70-80%︂ of the market returns historically.
Unless you have to use the dividends for daily expenses,︃ that’s another history.
For someone with a buy-hold strategy makes sense, because you will start︄ to sell your portfolio at your retirement.
Maybe for your case won’t make sense but︅ at the end it’s all subjective.
 
Of course, it is not exactly the same.
I compared two models which are perceived to be harmful in the context‌ of this discussion.
 
The government decided to ban sharing banking secrets with foreigners︉
https://www.rbc.ru/politics/15/06/2021/60c8d76e9a7947285a8e0632
Russia Decide to not to give details of bank account.
Tax is different things.︊
Putin 😉😉😉

https://www.bloombergquint.com/glob...lobal-tax-accord-hurdle-with-exemption-demandChina as not easily signing on to the global minimum tax
China and︋ Russia is on its path to becoming next Tax Heaven 😎😎😎, who knows?
Hong Kong︌ is already ?

I really support china on this "China says small groups do not︍ rule the world"

G7 forget about BRICS
BRICS - Wikipedia

BRICS country does not support︎ .

Russia = President Vladimir Putin
India = Prime Minister Narendra Modi
China = President️ Xi Jinping

Modi, Putin and Xi are the most popular and ruthless leader in history‌ of their respective country. You can check their profile. Their approval rating are sky high.‍ There is an ego issue here you see.
Nobody can impose anything on them.
 
So brics will make their own economy ns2
Maybe Rusia and China are powerful enough. The‌ others highly doubt: Brazil India and south Africa
 
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