oh the Netherlands
you get even less than we do.
Why does Luxembourg get so much, anyone know? I thought they were quite a rich country.
( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:30, archived)

maybe if I read the text I'll see the answer.
Doh.
( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:32, archived)

They are
Loads of international organisations have their financial headquarters there for tax reasons, so the money looks as though it's going to Luxembourg but in fact it's sent straight out to all the subsidiaries. Same with Brussels.
( Flapjack I spay a little mare for you, Thu 4 Jun 2009, 20:33, archived)

I'm never quite sure about why other countries use Lux. and the Bahamas etc. for "tax reasons".
Is the VAT or whatever just lower there? Also, all those graphs are fucking confusing.
( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:35, archived)

Those first and last sentences may be related :)
It's more usually that some taxes aren't levied at all, I think. Things like capital gains tax eat into investment profits, so if some country decides not to charge them, it makes sense to invest there.
( Flapjack I spay a little mare for you, Thu 4 Jun 2009, 20:40, archived)

it's a good thing I don't make a lot of money.

( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:44, archived)

but that made sense at least, thanks
:)
( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:47, archived)

Maybe you do
and don't realise.
( Flapjack I spay a little mare for you, Thu 4 Jun 2009, 20:47, archived)

aw dammit
where's my gold-plated monkey butler?
( spangolin - the odds are good but the goods are odd, Thu 4 Jun 2009, 20:52, archived)