1 thought on “G7 deal on multinational tax fails to live up to the hype”

  1. Posted 11/06/2021 at 13:34 | Permalink

    Here’s an idea on how we can tax corporations that will very definitely work, be way more effective than anhy current proposals and cost less for more.

    1st, we proceed to brutally defund our current corporate tax collecters.
    2nd, we appoint me head of corporate tax collection, giving me an extra 10 quid a month to do the job. A ripoff I know
    3rd, I get Vanguard to do it. We take all that money we are currently spending on corporation tax collection and give it to me. I then proceed to open an account with vanguard and buy FTSE U.K. All Share Index Unit Trust. Lots of FTSE U.K. All Share Index Unit Trust.
    Since the purpose of taxing corporations is to ensure a share of the profits made by all corporations go to the government and by buying index funds, you buy the market- you buy a share of every single company. Buying index funds means a share of all profits made by all companies go to you. Therefore by buying lots of FTSE U.K. All Share Index Unit Trusts, a share of the profits made by all UK companies will now go to the government. It will only cost about £500 to administer the account and 0.06% to administer the fund.

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