SwagGaribaldi to NonCredibleDefense@sh.itjust.worksEnglish · 9 months agoWith Sweden now in, us Euros need a wake-up call to INCREASE SPENDING NOW 📈📈📈💪imagemessage-square41fedilinkarrow-up1135arrow-down114
arrow-up1121arrow-down1imageWith Sweden now in, us Euros need a wake-up call to INCREASE SPENDING NOW 📈📈📈💪SwagGaribaldi to NonCredibleDefense@sh.itjust.worksEnglish · 9 months agomessage-square41fedilink
minus-squareRoss_audio@lemmy.worldlinkfedilinkEnglisharrow-up21·9 months agoOther 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.
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.