Debate: Do tech companies pay enough tax?
summary
Argument says tech firms dodge taxes via offshore deals revealed in the Panama and Paradise Papers, with a conservative estimate of 10% of global GDP parked in havens and the three richest US men holding about $250bn equal to the poorest half. Policy point is to close loopholes and apply the same rules to all companies rather than raise rates, noting the worldwide corporate tax rate fell from 30% to 22.5% since 2003. Suggests global coordination and even blockchain for microtransactions to enforce payments.
AI-written summary · about