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this post was submitted on 08 Mar 2024
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NonCredibleDefense
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Surely Luxembourg can hire an extra guy to meet the 2% requirement.
What's the point Jorge can see the whole country from his tower
Sometimes Jorge needs a nap.
Jorge is in the military, Jorge gets modafinil
Other way round. They take in so much tax haven income for their size they have a huge GDP/capita.
It's 3x the size of the UK.
Luxembourg is essentially spending the same amount per person as the UK on 0.7% vs. 2.1%
If they matched up they'd be spending triple the amount per person.
It would be even starker if it was by land area. Or border length.
I'd fix that graph by forcing companies to report revenue where it's generated, not in Luxembourg to avoid tax and regulation.