Poll of the Day > Denmark is better than us at capitalism, too

(+) Yeah! (+)

Better than us at socialism AND capitalism now! And by us, I mean U.S., of course. :p

https://www.businessinsider.com/coronavirus-companies-tax-havens-banned-denmark-poland-bailout-2020-4?r=US&IR=T

Denmark and Poland are refusing to let companies registered in offshore tax havens access financial aid from their coronavirus bailout packages.
The Danish finance ministry on Saturday extended its bailout program into July but stressed that firms based in tax havens would no longer be covered.
"Companies seeking compensation after the extension of the schemes must pay the tax to which they are liable under international agreements and national rules," a translation of the statement said.
"Companies based on tax havens in accordance with EU guidelines cannot receive compensation, insofar as it is possible to cut them off under EU law and any other international obligations."
Poland took similar measures on April 8. Prime Minister Mateusz Morawiecki said large companies wanting a chunk of a roughly $6 billion bailout fund must pay domestic business taxes.
"Let's end tax havens, which are the bane of modern economies," he added.

You bet your assets that the U.S. won't similarly leave the corporate tax cheats and out hanging to dry as a result of market forces. They don't count as a U.S. company when it comes to taxes on their profits, but when a bail out is coming around? Oh yeah, now they're totally American!

US isn't Capitalist, it's corporatist

$4.5T bailout says hi, doesn't seem very "fish eat fish" to me.

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...how is that better at capitalism? That makes zero sense. And bailouts in general mean you've failed at capitalism and are instituting crony capitalism. Crony capitalism is phony capitalism, it's just state-sponsored enterprise.

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Well then all those Danish and Polish companies can come to the UK, the most pro tax haven country of the world.

If the company can invest their saved taxes in the UK economy, it makes no difference, the cash is still in the UK and it moves in to the hands of people who have to pay their taxes in the UK.
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