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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

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Dec 8 4:00 PM EST

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From: Sam	7/11/2021 8:36:36 PM
	1 Recommendation Recommended By Sr K Read Replies (1) of 95536

Does anyone know how this will work? Supply chains are so complicated, where is a product made? Korea seeks 20% digital tax to minimize burden on Samsung, SK hynix koreatimes.co.kr Discussion to continue through October By Lee Kyung-min The government asked that a "digital tax" for local firms in Korea be set at 20 percent, the lowest rate possible within the range of between 20 percent and 30 percent agreed upon at the G20 finance ministers' meeting, the country's top policymaker said Sunday. This is to reduce the burden for firms that are expected to pay soaring corporate taxes in accordance with an ongoing financial initiative pursued by the OECD and the G20 on countering base erosion and profit shifting (BEPS). The OECD/G20 Inclusive Framework (IF) involving about 130 countries agreed that governments should be able to tax multinationals on profits generated in their countries. They agreed that a digital tax will be imposed on multinational companies with annual sales exceeding 20 billion euros (27.2 trillion won) and profits higher than 10 percent. continues at the link

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