I know that the following is not about flat taxes, but it is connected with it. So I took the liberty to post it here.
In the UK they will start to tax the multinationals who try to avoid taxes with smart constructions. They will tax them at 25% for the profits that are transferred by smart constructions to low tax countries. More European countries are studying now this option. Instead of discussing flat tax it is maybe more logic to discuss a reasonable tax contribution from everybody. In fact the multinationals have already a flat tax. The rate is 0%. Apple has billions outside of the US to avoid taxation, but at the same time they loan money to pay dividends to shareholders, Starbucks uses patents to move billion to the Netherland where they are taxed at almost zero %. Same story for almost every multinational.
Starbuck got in problems a few months ago when British customers started to boycot them, Starbucks agreed quickly to pay taxes in the UK. The alternative was to lose huge amount of customers which means lose huge amounts of profits.
In the UK they will start to tax the multinationals who try to avoid taxes with smart constructions. They will tax them at 25% for the profits that are transferred by smart constructions to low tax countries. More European countries are studying now this option. Instead of discussing flat tax it is maybe more logic to discuss a reasonable tax contribution from everybody. In fact the multinationals have already a flat tax. The rate is 0%. Apple has billions outside of the US to avoid taxation, but at the same time they loan money to pay dividends to shareholders, Starbucks uses patents to move billion to the Netherland where they are taxed at almost zero %. Same story for almost every multinational.
Starbuck got in problems a few months ago when British customers started to boycot them, Starbucks agreed quickly to pay taxes in the UK. The alternative was to lose huge amount of customers which means lose huge amounts of profits.