true, but some countries like Qatar are wholly relying on oil to exist. Who will it be taxing ? itself ? maybe rest of the world could help tax it by avoiding its products and services (qatari airlines, telecom companies, etc their wealth is disguised under so many forms)
should make it pretty easy.
conduct the audit annually and if you are in the list your profits are taxed at 90%
badah badabing.
It’s an incredibly narrow tax that won’t impact 99.9999+ % of companies.
Tax the revenue… companies are notorious for showing losses.
true, but some countries like Qatar are wholly relying on oil to exist. Who will it be taxing ? itself ? maybe rest of the world could help tax it by avoiding its products and services (qatari airlines, telecom companies, etc their wealth is disguised under so many forms)