91–100 of 140 posts
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This strikes me as incredibly imperialistic. Why should the USA get to decide what the tax rate is for the rest of the world?
Because we need to move beyond having 200+ countries? It's time we start converging toward a one world government.
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Start with multilateral agreements, then sanction small jurisdictions that don't comply (e.g. bring the EU, US, Japan, etc on board and negotiate conditions, then impose them on Cayman Islands or Panama).
Those multinationals are following USA tax law ! Why sanction the small country when your own country enables the action?
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.
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
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?
Yeah, especially considering the fact that Russia and China are ditching the dollar. No one cares what America has to say anymore.
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?
Sanctions on non-compliannt countries.
Taxes is not just a federal thing here.
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?
Replace income tax with the sales tax.
Earlier quoted context omitted.
This strikes me as incredibly imperialistic. Why should the USA get to decide what the tax rate is for the rest of the world?
Because we need to move beyond having 200+ countries? It's time we start converging toward a one world government.
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?
Yeah, especially considering the fact that Russia and China are ditching the dollar. No one cares what America has to say anymore.
Earlier quoted context omitted.
I don't get the downvotes. Thats exactly how it goes, how the US in the past retained the "first global power" trophy it now lost.
Downvoted a tone-deaf comment which puts together an implicit threat of instantly vaporising thousands of unsuspecting people, and refusing to do business in one sentence - as if there wasn't a massive difference. When someone writes "threat of atomic bombs" they should consider if they mean it.
Sadly, we’ve seen the entirety of the spectrum already.