How can we tax footloose multinationals?
Thursday, April 18, 2019
![Many countries are struggling to see how to tax digital economy PIC: WWW.DIEM25.ORG](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/april/18/phpzph9QO.jpg&w=400&q=72&f=jpg&t=1)
Many countries are struggling to see how to tax digital economy PIC: WWW.DIEM25.ORG
NEW YORK: In the last few years, globalisation has come under renewed attack. Some of the criticisms may be misplaced, but one is spot on: globalisation has enabled large multinationals, like Apple, Google, and Starbucks, to avoid paying tax.
Apple has become the poster child for corporate tax avoidance, with its legal claim that a few hundred people working in Ireland were the real source of its profits, and then striking a deal with that country’s government that resulted in its paying a tax amounting to .005% of its profit.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...