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Old 07-31-2021, 07:20 PM   #908
Soldier of Macedon
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Quote:
Originally Posted by Risto the Great View Post
I distinctly recall looking into this many years ago. Part of the candidate process requires the compliance with numerous EU regulations. They're already hamstrung.
Speaking of taxes, regulations and servitude to the EU....rather than allowing Macedonia to gain a competitive edge so it can close the economic gap with other countries by attracting multinational corporations, the EU wants to force her to play by the rules of the richer countries so the interests of the latter are secured.
Quote:
https://www.mkd.mk/makedonija/ekonom...02EKn9j5kFf8ZI

Letter from Brussels: if Macedonia wants to join the EU, will it have to close the TIR zones?

(Translation) On June 16, the Macedonian government received a letter from the EU asking it to state whether it accepted their recommendation to change the operating regime of foreign companies in industrial zones as part of the country's commitment to EU membership. The deadline for that is until 2022, and the full implementation of the changes in the tax policy must be completed by 2025. These are recommendations for changes in tax policy in line with the decisions of the G7, G20 and OECD member states. The G7 member states, which make up some of the world's richest economies, reached a joint agreement in June to tax multinational companies. Under the agreement, technology giants will have to pay higher taxes in these countries, and a minimum tax rate of 15 percent globally is also planned. This tax policy is mainly aimed at stopping the tax abuses of the giants Apple, Netflix, Amazon, Facebook, Google ...

The G7, G20 and OECD finance ministers have agreed to reform the global tax system. The agreement was reached between Canada, France, Germany, Italy, Japan, Britain and the United States, which want to ensure that multinational companies pay higher taxes in the countries in which they operate. This agreement is established to avoid the opening of business operations of technology companies in countries with low taxes, whereby companies will be able to have higher earnings in these territories. This will prevent large companies from making more money in countries known as "tax havens". So far, three countries have not supported this initiative - Ireland, Hungary and Estonia, probably because some of the big technology companies are based in these countries and because, for example, in Ireland and Hungary the profit tax is 12.5 and 9 percent, respectively, which means under the proposal for a minimum rate of 15 percent.

The directions of these global tax reforms have already been accepted in Brussels. Macedonia has already been notified to adjust to these new policies if it remains committed to EU integration. These tax changes will radically change the operating conditions of all foreign companies in the technological industrial development zones that use serious tax incentives in Macedonia. In addition, the work of these companies has already become a serious part of the structure of economic development of Macedonia, with the number of employees (14,000), the percentage of share in exports - 50%, with 30 million euros difference from what is earned and what is actually paid. The letter to the Macedonian government says that if Macedonia does not accept this, it will be part of the list of non-cooperative countries. For now, the Government is silent. We have been waiting for an answer to our questions for more than a week.
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