101–110 of 140 posts
Another attempt from the US to control the global economy. Next step, if a country doesn't comply with their global tax rates, it will be labeled enemy and suffer economic sanctions.
I would love to hear how they intend to enforce such a global minimum tax rate. As well how they would guarantee that no country offers a tax credit or otherwise to lower the numbers. And then, of course, there's the really common trick of keepin profits on the books near zero for a corporation to avoid taxes altogether. Would they suddenly be taxing income and not profit?
> As well how they would guarantee that no country offers a tax credit or otherwise to lower the numbers Never mind the international angle, what about the US states and localities offering business tax incentives to attract corporations?
Earlier quoted context omitted.
A global minimum corporate tax rate would solve the problem of corporations moving assets and headquarters to jurisdictions with lower taxation.
An automatic rainbow unicorn pony supply would solve my rainbow unicorn pony shortfall, but that is also make-believe so never mind. This effort certainly will not accomplish the impossible thing they claim it will accomplish. Simultaneously it will cause a lot of problems for society that will make certain well-placed people even more money than they had before they installed the current government, which is the who…
Earlier quoted context omitted.
> As well how they would guarantee that no country offers a tax credit or otherwise to lower the numbers Never mind the international angle, what about the US states and localities offering business tax incentives to attract corporations?
Like Delaware, the scumbag state - a tax haven
One minute they're printing fiat currency like there is no tomorrow saying "we need to 'stimulate' the economy" and then the next minute they're all "we need to take the money back to pay for 'things'". Make up your fucking mind.
Why don't we end all this corporate tax stupidity and remove the corporate income tax? It is a very inefficient and complicated tax to levy. >Most economists concluded long ago that it is among the least efficient and least defensible taxes. https://www.econlib.org/library/Enc/CorporateTaxation.html We can't have nice things because too many people see economics as a moral issue and not a math problem.
taxes aren't just a way to raise money for federal and local governments, they are also an elegant way which society has to allocate social hatred. You need a corporate tax because people hate corporations, a wealth tax is being discussed and on the horizon because people hate the wealthy...and so forth
If the U.S. wants to make itself uncompetitive with high corporate tax rates, that is America's problem. "Ireland's headline 12.5% corporate tax rate — much lower than most industrialized nations — has been key to attracting many multinationals to the country."
this is a battle to the bottom. Whats to stop India from offering 6.25% corporate tax rate, what will Ireland do next go to 3% tax rate to? only losers with this kind of thinking is the individuals that end up paying more taxes than the multinationals.
State just knows to increase taxes and do war. No, thanks. Let people flourish in peace. We need liberty to grow as individuals. Otherwise, we're going to end up having only crony corporations and statism.
That's a very silly way to look at it. Corporations extract value from society. Why shouldn't they pay back what they owe? And the state has democratic control and oversight (ideally at least, much to be improved). Corporations are completely unaccountable.
It seems you've managed to get things completely reversed.
State just knows to increase taxes and do war. No, thanks. Let people flourish in peace. We need liberty to grow as individuals. Otherwise, we're going to end up having only crony corporations and statism.
That's a very silly way to look at it. Corporations extract value from society. Why shouldn't they pay back what they owe? And the state has democratic control and oversight (ideally at least, much to be improved). Corporations are completely unaccountable.