Actual international corporate tax planner here, with 38 years experience.
While I agree with most of what you say, the obvious tell in the original story is that ViacomCBS is using companies in Barbados, the Bahamas, and Luxembourg to shelter their profits. It's highly unlikely that anyone in those countries had anything to do with creating the IP, other than pushing paper. The only reason those countries would be involved is to avoid taxes.
And while the Netherlands and the UK do have economies based upon more than shell companies and tourism, their tax laws are also very useful in hiding profits from any tax man anywhere in the world.
Even if the current proposals before the OECD to create a minimum global corporate tax rate isn't going to help much here, since even if that is agreed it will be decades before places like the Bahamas adopt it.
In my mind, the best answer would be to take the combined income of the worldwide corporate group, and apportion it between the countries where it operates based upon economic activity such as the percent of sales in each country. That's the way US corporate groups divide up their tax income for state income tax purposes, and that system is simpler and much less subject to abuse. Unfortunately, putting that type of system in place would take agreement between all the economically significant countries in the world, something that is very unlikely to happen.
Every year at tax time this same hoary old argument comes up. If a corporation doesn't pay taxes, it's precisely because it is following the rules that allows it to do so. There are so many loopholes in the world's tax codes and regulations, there's simply no need to do anything but hire your armies of tax attorneys and accountants and do things the good, old-fashioned -- and perfectly legal -- way.
Yes, but the reason the tax laws are written with so many loopholes is that the large corporations and their owners fund the legislators who write the laws. That's basically bribery, but its legal for the same reasons the tax laws have so many loopholes.
For US state tax purposes, the multinational group's profits are allocated between states based upon the percentage of their sales (and sometimes tangible property and payroll) in each state. This ensures that the company pays tax on its profits in the states where it earns them. If this approach were adopted internationally, it would eliminate most of the current abuses, as well as greatly simplifying the international tax system. Unfortunately, adopting it would require all economically significant countries to agree, something that is highly unlike to occur in the foreseeable future. Instead, many countries are adopting a deemed profits tax on sales from their countries, to try to impose some tax on companies like Amazon, Google and Facebook. That has many downsides, including threating to provoke a trade war with countries which don't like that approach, like the US
Get your numbers straight...cassette tape absolutely could not capture 20KHz, muchless 30KHz. I'd say it's roughly safe to say a cassette could reproduce 40Hz-16KHz.
While that might be true for most decks, the best ones (top end Nakamichis, Revoxes, etc) could get into the low 20KHz range with metal tape. That was at -20dB recording levels, of course, but they could do it. They would roll off like you describe or worse at 0dB recording levels, though.
The rule on staying alive as a forecaster is to give 'em a number or give 'em a date, but never give 'em both at once. -- Jane Bryant Quinn