Minimum 15% corporate tax - Did UAE sign?
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In uae , dubai government thinking about imposing tax before this happen, as dubai is not island country . It can not last long on oil revenue they want sustainable source of income.
https://www.euronews.com/amp/2019/1...-criticizes-trump-and-welcomes-uae-income-tax
This news is 2 year old.
Regarding treaty even Saudi can not stand against them, forget about uae
https://www.euronews.com/amp/2019/1...-criticizes-trump-and-welcomes-uae-income-tax
This news is 2 year old.
Regarding treaty even Saudi can not stand against them, forget about uae
There is a misunderstanding.
The global min. taxation is designed for Google kind of companies so that it can't happen in the future that Google doesn't pay any taxes in the EU because there base is in US which has more then 15% in tax so they should pay with the Ireland entity min. 15% as well.
Oh wait Ireland didn't signed 😉
UAE itself is tax free on all levels beside of VAT on local business so this law ignores UAE fully or even doesn't target UAE at all in it's intention. This law targets Google, Amazon etc. and because of this for sure Ireland︀ didn't signed.
Will be interesting to watch the fight of the OECD vs. Ireland lobby︁ for big US companies - grab your popcorn.
The global min. taxation is designed for Google kind of companies so that it can't happen in the future that Google doesn't pay any taxes in the EU because there base is in US which has more then 15% in tax so they should pay with the Ireland entity min. 15% as well.
Oh wait Ireland didn't signed 😉
UAE itself is tax free on all levels beside of VAT on local business so this law ignores UAE fully or even doesn't target UAE at all in it's intention. This law targets Google, Amazon etc. and because of this for sure Ireland︀ didn't signed.
Will be interesting to watch the fight of the OECD vs. Ireland lobby︁ for big US companies - grab your popcorn.
I recently read an analysis that stated that the law will have zero effect on mega-corporations such as Google, because such companies always have the resources to avoid taxation, and that the global minimum corporate taxation will instead mostly impact small and medium businesses.
When has a︀ socialist program ever accomplished its intended effect?
When has a︀ socialist program ever accomplished its intended effect?
If I able to understand rightly,
750 million euros are threshold ,︄ So chill no need to worry . (If i understand right)
Well, I do my︅ part of the job (Google Seach smi(&%smi(&%smi(&%smi(&%)
Can any expert go though the Official statement︆ (attach below)?
Simplify for me and other ignorant people.
I started new thread for this︇ here Can any one simply "Two-Pillar Solution to Address the Tax Challenges Arising From the︈ Digitalisation of the Economy" ?
Thanks
750 million euros are threshold ,︄ So chill no need to worry . (If i understand right)
Well, I do my︅ part of the job (Google Seach smi(&%smi(&%smi(&%smi(&%)
Can any expert go though the Official statement︆ (attach below)?
Simplify for me and other ignorant people.
I started new thread for this︇ here Can any one simply "Two-Pillar Solution to Address the Tax Challenges Arising From the︈ Digitalisation of the Economy" ?
Thanks
Yes because it has 0 impact as there are no taxes in the UAE.
That's important to highlight otherwise I have to repeat myself all the time in personal consultation.
This law helps the high tax countries to catch the high profile guys that are residents there and reduce there taxes in a for now legitimate way by having a IoM or Malta Trading company with effective place of management there due to enough substance, profits and loopholes they can reduce the effectiv tax in there high tax home country.
As for now as long as your business makes enough money and you can effort︀ the substance you get away with it - this will change with this law.
That's important to highlight otherwise I have to repeat myself all the time in personal consultation.
This law helps the high tax countries to catch the high profile guys that are residents there and reduce there taxes in a for now legitimate way by having a IoM or Malta Trading company with effective place of management there due to enough substance, profits and loopholes they can reduce the effectiv tax in there high tax home country.
As for now as long as your business makes enough money and you can effort︀ the substance you get away with it - this will change with this law.
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