Could It Be True?

-


Following on from yesterday's post: do my eyes and ears deceive? Has the OECD really pulled off the coup that we've been hoping would happen for the last decade or two? On the surface it looks like the realisation that global corporates are out of control and need to be brought in line with the rest of the business world has finally got through and something is actually being done about it. This ambitious multi-governmental move purports to be moving towards the demise of tax-havens, and to the enforcement of corporate taxation across multiple national domains.

Whether this is genuine progress or just lip-service, only time will tell: I'll be looking for more flesh on the bones of the story over the next few days. I do hope it's not just smoke and mirrors, as the world really does need a reset on big business and taxation: we were taken totally by surprise by the speed of the rise of tech and the internet; and like all disruptive periods in history, a small number of individuals and companies have taken unfair advantage of the interregnum between realisation and regulation. Could the current Gold Rush be over? We'll see... [apologies to The Guardian for lifting their graphic]

Comments

  1. Joe Stoner9 October 2021 at 20:19

    They've made it apply to only the HUGE multi-nationals, T/O>$600mill from memory.
    They will fight/evolve & use their VAST resources to cry foul. IF it was ALL companies, there would be less of an excuse for them.
    It's JUST a feeding frenzy for My Lunned friends!!
    ATB
    Joe

    ReplyDelete
    Replies
    1. sideways9 October 2021 at 21:04

      It's at least a start - and it's the huge companies that are the biggest problem - small companies need a break, as we well know form experience...

      Delete
    2. Joe Stoner10 October 2021 at 14:05

      No mate! You mistake SME (& A5AV Ltd., was one of the smallest!) and "small" multi-nationals as in less than $600million T/O.
      They're taking on the BIG boys deliberately for it to develop into a HUGE fight with the lawyers & suits taking YEARS to feed off the funds that should have gone into tax before they acquiesce.
      I suspect that one of the tactics they'll employ is to split up their big names into smaller units with just one HUGE unit to defend their IPR which will become SO expensive that they duck below the $600mill.
      It could be a good'un in the case of FaceBuck who NEED to be split up!!:)

      Delete

Post a Comment

Popular posts from this blog

Of Feedback & Wobbles

-
Image
Many years ago I came up with an analogy for poorly damped feedback loops. The feedback loop that prompted this frankly tart analogy was indeed a horror. Anyone who remembers shame-faced their first attempts at clutch control resulting in the good old kangaroo launch across the lights only to stall in the middle of the crossroads will have some idea of the kind of data transfer lag involved in said system. The analogy I made was that of a large blancmange. Untouched, a model of stasis and eminently stable and predictable; but prod the bugger and the resultant chaotic behaviour needs a very complex physical model and some very decent computing horsepower to predict its outputs, if at all. The system in question was a large and complex audio-visual display at what eventually became 'The Electric Mountain' in Llanberis. We were ultimately contracted to maintain the thing having been witness to and peripherally involved in its installation. Certainly not involved in its des...
Read more

A Time of Connection

-
Image
I was just reflecting on the vacuum of continuity that's left behind when someone dies: that sudden sense of disjoint, of fracture, in one's personal history that takes one completely by surprise at the oddest moments. These pinch-points in memory can often yield some surprising revelations of fact about periods in one's past. One such occurred to me tonight, tending my rather lazy meal of pizza in its journey from shrink-wrap to mouth via the oven. Al's recent demise still catches me out from time to time: the space he left bounded by forty plus years of friendship. But the thing that struck me tonight was just how much change was happening on a personal and social level in the very early years of our acquaintance. Between moving here from Birmingham in September 1980 and our buying our first proper house eighteen months later, all manner of things occurred that would chart the course of our lives to the present day. At around the time of our meeting Alan & Irene [...
Read more

Sister Ray

-
Image
Ray Keats - aka Ann Key - local artist & family friend, died this morning. She'd been ill for some years, but never let it get in the way of her work or of tending to the massive network of friends, colleagues and fans she had accumulated over the decades. Her house on the High Street of Rachub, just below where we live - a former cockle factory(!) - bought many years ago when she and her late husband Ronald moved here from Manchester to set up home in Yr Achub, is currently still home to her paintings and drawings, and the front window displays her work, including the last drawing she made in hospital, just days before she died. Her good friend Colin has been a diamond in her latter years, looking out for her and just being there when she needed him. She will be much missed by this tiny community of ageing bohemians up here in the hills, but suffice it to say, George, her cat, will be well looked after now she's gone.
Read more