this post was submitted on 08 Apr 2025
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London falls out of top five wealthiest cities as millionaires leave (www.thetimes.com)
submitted 3 weeks ago by PhilipTheBucket@ponder.cat to c/world@quokk.au
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[โ€“] HubertManne@piefed.social 6 points 3 weeks ago (1 children)

I think countries should tax all businesses and companies in their country in any way based on their total earnings but they can deduct tax they pay elsewhere so if their country of taxation charges more tax than the particular country then no tax. would get rid of the race to the bottom.

[โ€“] jonne@infosec.pub 5 points 3 weeks ago

Yeah, the money is coming from somewhere, so tax it at that point. If you're a landlord or own a factory, tax those assets, they can't take those out of the country.