130 nations agree to support U.S. proposal for global minimum tax on corporations

[whoisit]

Is there anything in the world that these stupid uneducated greedy Libtards like better than taxes? I don't think so. It has to be tops on their list.

Most government spending, so then most taxes, are for the military. Which is right wing, not liberal or left wing.

Military spending consumes only 18% of the budget, so that claim is obviously false.

Lawfully aka constitutionally ,its one of the 3 we are suppose to spend on. Not one of the social services legally get a cent. Maybe SSI since it is 'insurence'.

The legitimate spending at the Federal level would only be Defense, Federal courts, expenditures for the Presidency and Congress, State Department, Patent Office, Post Office and a few minor agencies like that.

Anything else is just nothing but entitlement/welfare bullshit and is unnecessary.

Most don't know this.

 

[kaz]

Source: CNBC.COM
Link to story: 130 nations agree to support U.S. proposal for global minimum tax on corporations

“WASHINGTON - Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations, part of a broader agreement to overhaul international tax rules.

If widely enacted, the GMT would effectively end the practice of global corporations seeking out low-tax jurisdictions like Ireland and the British Virgin Islands to move their headquarters to, even though their customers, operations and executives are located elsewhere.

“For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has won this race,” said Yellen in a statement on the accord.

“Today’s agreement by 130 countries representing more than 90 percent of global GDP is a clear sign: the race to the bottom is one step closer to coming to an end,” Yellen said.

The deal also reportedly includes a framework to eliminate digital services taxes, which targeted the biggest American tech companies.

In their place, officials agreed to a new tax plan that would be linked to the places where multinationals are actually doing business, rather than where they are headquartered”

Interesting, I’m surprised the GMT proposal is moving this quickly after it was endorsed by the G-7 just a short time ago, looks like that now 90% of the worlds GDP has agreed to it in principle. Frankly I didn’t really believe it would get this far given all the hurdles. The agreement on digital service taxes is also an important plus for the American Tech Sector, surprised the EU is going along with it.

This will be a big foreign policy win for the Biden Administration if it does actually come to fruition, of course there is still a long way to go.

To be enforced by whom?

Dunno, there aren’t any details of the enforcement mechanisms that have been made available yet. If I had to guess, the enforcement mechanisms will center around tariffs.

Does national sovereignty mean anything at all to you?

Where is the problem with “sovereignty” here? This is something that nations are free to agree to or not agree to, not to mention each nation still retains direct authority over its own tax code. It’s no more a violation of sovereignty than an international arms limitation treaty.

God damn bro they are making up a number out of thin air, that you must pay

Are you referring to the proposed 15% minimum GMT? If so, are you aware that’s significantly LOWER than the current U.S. corporate tax rate? Are you also aware that there is a possibility that U.S. citizens will pay LESS in taxes and retain MORE domestic business activity from this proposal. Again, why do you want to pay taxes to subsidize foreign countries?

You don't see anything wrong with this?

I see all kinds of potential things wrong with it, however I see A LOT more wrong with the current system of exploitation being practiced by large multinational corporations.

Killing investment is a great way to increase jobs. I see why you like it

How does this proposal “kill investment”?

Higher taxes always kill investment, moron. The money collected in additional taxes would have been invested. Even a fifth grader can understand that.

You seem to be very confused about taxation and its effects.

A tax like this will actually increase investment because corporations would rather spend money on their company than pay it in taxes. Any management that didnt feel like that would not be in place for long.

So the money gets invested in R and D or new plant or refurbs or more people. Its all good as it generates growth in the economy.

Do you understand this or shall I try and simplify it for you ?

That's only partially accurate Tommy , generally speaking a corporation will only invest profits back into itself if the Internal Rate of Return makes sense to shareholders for it to do so, otherwise it will distribute those profits back to shareholders in the form of dividends so that shareholders can invest in other assets that offer higher rates of return.

Its a bit different over here. You would need to be pretty dumb to pay tax on your dividens .

Not at all, if the IRR for reinvestment is 2% in a mature market company why would I want to lock away capital in that when I can make say a compounding 10% elsewhere just to avoid one off capital gains? This is why you see most companies in mature markets paying out substantial portions of profits in dividends, their IRR is generally too low to justify not paying them out, if they didn't pay them out people wouldn't want to invest in them in the first place (i.e. lower demand for equity shares = lower stock price).

You see Amazon reinvesting profits because their growth rate and thus IRR is so high, you see General Motors distributing attractive dividends because its growth rate is so low (mature market), if GM wasn't offering an attractive dividend yield who the heck would want to invest in them over investing in Amazon?

You're mixing terms.

If your discount rate is 8%, then an IRR of 2% would be a 10% return

*sigh* IRR represents the annual growth rate an investment is expected to return, I'm sorry my example was too complicated for you to the point that you felt the need to interject something I didn't say, next time I'll remember to include one involving crayons so you can keep up.

Here endth the lesson and your 15 minutes, I'm tired of your constant attempts to build strawmen.

ABOVE THE DISCOUNT RATE you moron. The discount rate is the company's calculated cost of capital.

A company is indifferent by definition whether to invest in a project with a zero IRR. A zero IRR is equal to a NPV zero project, again by definition.

You seriously don't even know basic business terms. You don't understand discounting cash flows or what that means.

Internal Rate of Return (IRR) Rule: Definition and Example

The internal rate of return (IRR) is a metric used in capital budgeting to estimate the return of potential investments.

www.investopedia.com

"Keep in mind that IRR is not the actual dollar value of the project. It is the annual return that makes the NPV equal to zero"

"RR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis."

 

[kaz]

That's only partially accurate Tommy , generally speaking a corporation will only invest profits back into itself if the Internal Rate of Return makes sense to shareholders for it to do so, otherwise it will distribute those profits back to shareholders in the form of dividends so that shareholders can invest in other assets that offer higher rates of return.

Its a bit different over here. You would need to be pretty dumb to pay tax on your dividens .

Not at all, if the IRR for reinvestment is 2% in a mature market company why would I want to lock away capital in that when I can make say a compounding 10% elsewhere just to avoid one off capital gains? This is why you see most companies in mature markets paying out substantial portions of profits in dividends, their IRR is generally too low to justify not paying them out, if they didn't pay them out people wouldn't want to invest in them in the first place (i.e. lower demand for equity shares = lower stock price).

You see Amazon reinvesting profits because their growth rate and thus IRR is so high, you see General Motors distributing attractive dividends because its growth rate is so low (mature market), if GM wasn't offering an attractive dividend yield who the heck would want to invest in them over investing in Amazon?

You're mixing terms.

If your discount rate is 8%, then an IRR of 2% would be a 10% return

*sigh* IRR represents the annual growth rate an investment is expected to return, I'm sorry my example was too complicated for you to the point that you felt the need to interject something I didn't say, next time I'll remember to include one involving crayons so you can keep up.

Here endth the lesson and your 15 minutes, I'm tired of your constant attempts to build strawmen.

If you want to learn about this stuff, I totally respect that.

What I don't respect is you coming in saying you know it all when you don't.

The same thing you did in our energy discussion.

Another thing I did for a living and you clearly didn't

 

[kaz]

Is there anything in the world that these stupid uneducated greedy Libtards like better than taxes? I don't think so. It has to be tops on their list.

Most government spending, so then most taxes, are for the military. Which is right wing, not liberal or left wing.

Military spending consumes only 18% of the budget, so that claim is obviously false.

Lawfully aka constitutionally ,its one of the 3 we are suppose to spend on. Not one of the social services legally get a cent. Maybe SSI since it is 'insurence'.

The legitimate spending at the Federal level would only be Defense, Federal courts, expenditures for the Presidency and Congress, State Department, Patent Office, Post Office and a few minor agencies like that.

Anything else is just nothing but entitlement/welfare bullshit and is unnecessary.

Yep, and wow, we'd be a far greater country to live in.

This is what it was for a long time. The path to the end started with Lincoln ending consent of the governed. At that point the government no longer feared the people since if we tried to leave they knew they could simply conquer us

 

[RoshawnMarkwees]

Looks like more attempt at globalization.
Removing US autonomy only hurts the US and benefits everyone else. Which is exactly the demmunist goal.

 

[Missouri_Mike]

Source: CNBC.COM
Link to story: 130 nations agree to support U.S. proposal for global minimum tax on corporations

“WASHINGTON - Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations, part of a broader agreement to overhaul international tax rules.

If widely enacted, the GMT would effectively end the practice of global corporations seeking out low-tax jurisdictions like Ireland and the British Virgin Islands to move their headquarters to, even though their customers, operations and executives are located elsewhere.

“For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has won this race,” said Yellen in a statement on the accord.

“Today’s agreement by 130 countries representing more than 90 percent of global GDP is a clear sign: the race to the bottom is one step closer to coming to an end,” Yellen said.

The deal also reportedly includes a framework to eliminate digital services taxes, which targeted the biggest American tech companies.

In their place, officials agreed to a new tax plan that would be linked to the places where multinationals are actually doing business, rather than where they are headquartered”

Interesting, I’m surprised the GMT proposal is moving this quickly after it was endorsed by the G-7 just a short time ago, looks like that now 90% of the worlds GDP has agreed to it in principle. Frankly I didn’t really believe it would get this far given all the hurdles. The agreement on digital service taxes is also an important plus for the American Tech Sector, surprised the EU is going along with it.

This will be a big foreign policy win for the Biden Administration if it does actually come to fruition, of course there is still a long way to go.

To be enforced by whom?

Dunno, there aren’t any details of the enforcement mechanisms that have been made available yet. If I had to guess, the enforcement mechanisms will center around tariffs.

Does national sovereignty mean anything at all to you?

Where is the problem with “sovereignty” here? This is something that nations are free to agree to or not agree to, not to mention each nation still retains direct authority over its own tax code. It’s no more a violation of sovereignty than an international arms limitation treaty.

God damn bro they are making up a number out of thin air, that you must pay

Are you referring to the proposed 15% minimum GMT? If so, are you aware that’s significantly LOWER than the current U.S. corporate tax rate? Are you also aware that there is a possibility that U.S. citizens will pay LESS in taxes and retain MORE domestic business activity from this proposal. Again, why do you want to pay taxes to subsidize foreign countries?

You don't see anything wrong with this?

I see all kinds of potential things wrong with it, however I see A LOT more wrong with the current system of exploitation being practiced by large multinational corporations.

Killing investment is a great way to increase jobs. I see why you like it

How does this proposal “kill investment”?

Higher taxes always kill investment, moron. The money collected in additional taxes would have been invested. Even a fifth grader can understand that.

You seem to be very confused about taxation and its effects.

A tax like this will actually increase investment because corporations would rather spend money on their company than pay it in taxes. Any management that didnt feel like that would not be in place for long.

So the money gets invested in R and D or new plant or refurbs or more people. Its all good as it generates growth in the economy.

Do you understand this or shall I try and simplify it for you ?

The money spent would have all gone back into the stock market, moron. Few companies pay dividends these days anyway.

Ok you didnt understand. I think you are a bit out of your depth here.

I feel you. If you want to understand capitalism, ask a socialist. Clearly you're the expert, LOL.

Again, you actually agreed with him that companies reinvesting creates jobs and you didn't realize that, that was the point he was addressing.

Your saying higher taxes is good for jobs was pretty ridiculous though, you are wrong about that

Im a bit baffled as to the point you are making. This tax will actually make companies invest more. Not having this tax enables them to send money to Panama. Where is the benefit there ?

How the hell do you invest money taken away by the government?

 

[whoisit]

Is there anything in the world that these stupid uneducated greedy Libtards like better than taxes? I don't think so. It has to be tops on their list.

Most government spending, so then most taxes, are for the military. Which is right wing, not liberal or left wing.

Military spending consumes only 18% of the budget, so that claim is obviously false.

Lawfully aka constitutionally ,its one of the 3 we are suppose to spend on. Not one of the social services legally get a cent. Maybe SSI since it is 'insurence'.

The legitimate spending at the Federal level would only be Defense, Federal courts, expenditures for the Presidency and Congress, State Department, Patent Office, Post Office and a few minor agencies like that.

Anything else is just nothing but entitlement/welfare bullshit and is unnecessary.

Yep, and wow, we'd be a far greater country to live in.

This is what it was for a long time. The path to the end started with Lincoln ending consent of the governed. At that point the government no longer feared the people since if we tried to leave they knew they could simply conquer us

Lincoln wasn't who most think he was.

 

[Fort Fun Indiana]

corporations will then head to countries with a lower minimum wage.

Yeah, next thing you know, they will be making everything in Hong Kong and Indonesia.

 

[Fort Fun Indiana]

Looks like more attempt at globalization

Well son, i have news for you. The market is already globalized.

 

[kaz]

Source: CNBC.COM
Link to story: 130 nations agree to support U.S. proposal for global minimum tax on corporations

“WASHINGTON - Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations, part of a broader agreement to overhaul international tax rules.

If widely enacted, the GMT would effectively end the practice of global corporations seeking out low-tax jurisdictions like Ireland and the British Virgin Islands to move their headquarters to, even though their customers, operations and executives are located elsewhere.

“For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has won this race,” said Yellen in a statement on the accord.

“Today’s agreement by 130 countries representing more than 90 percent of global GDP is a clear sign: the race to the bottom is one step closer to coming to an end,” Yellen said.

The deal also reportedly includes a framework to eliminate digital services taxes, which targeted the biggest American tech companies.

In their place, officials agreed to a new tax plan that would be linked to the places where multinationals are actually doing business, rather than where they are headquartered”

Interesting, I’m surprised the GMT proposal is moving this quickly after it was endorsed by the G-7 just a short time ago, looks like that now 90% of the worlds GDP has agreed to it in principle. Frankly I didn’t really believe it would get this far given all the hurdles. The agreement on digital service taxes is also an important plus for the American Tech Sector, surprised the EU is going along with it.

This will be a big foreign policy win for the Biden Administration if it does actually come to fruition, of course there is still a long way to go.

To be enforced by whom?

Dunno, there aren’t any details of the enforcement mechanisms that have been made available yet. If I had to guess, the enforcement mechanisms will center around tariffs.

Does national sovereignty mean anything at all to you?

Where is the problem with “sovereignty” here? This is something that nations are free to agree to or not agree to, not to mention each nation still retains direct authority over its own tax code. It’s no more a violation of sovereignty than an international arms limitation treaty.

God damn bro they are making up a number out of thin air, that you must pay

Are you referring to the proposed 15% minimum GMT? If so, are you aware that’s significantly LOWER than the current U.S. corporate tax rate? Are you also aware that there is a possibility that U.S. citizens will pay LESS in taxes and retain MORE domestic business activity from this proposal. Again, why do you want to pay taxes to subsidize foreign countries?

You don't see anything wrong with this?

I see all kinds of potential things wrong with it, however I see A LOT more wrong with the current system of exploitation being practiced by large multinational corporations.

Killing investment is a great way to increase jobs. I see why you like it

How does this proposal “kill investment”?

Higher taxes always kill investment, moron. The money collected in additional taxes would have been invested. Even a fifth grader can understand that.

You seem to be very confused about taxation and its effects.

A tax like this will actually increase investment because corporations would rather spend money on their company than pay it in taxes. Any management that didnt feel like that would not be in place for long.

So the money gets invested in R and D or new plant or refurbs or more people. Its all good as it generates growth in the economy.

Do you understand this or shall I try and simplify it for you ?

The money spent would have all gone back into the stock market, moron. Few companies pay dividends these days anyway.

Ok you didnt understand. I think you are a bit out of your depth here.

I feel you. If you want to understand capitalism, ask a socialist. Clearly you're the expert, LOL.

Again, you actually agreed with him that companies reinvesting creates jobs and you didn't realize that, that was the point he was addressing.

Your saying higher taxes is good for jobs was pretty ridiculous though, you are wrong about that

Im a bit baffled as to the point you are making. This tax will actually make companies invest more. Not having this tax enables them to send money to Panama. Where is the benefit there ?

How the hell do you invest money taken away by the government?

He meant companies will invest more to avoid paying the higher taxes.

Investment should be driven by economic efficiency, not taxes. That's what's wrong with his argument

 

[Wyatt earp]

Is there anything in the world that these stupid uneducated greedy Libtards like better than taxes? I don't think so. It has to be tops on their list.

Most government spending, so then most taxes, are for the military. Which is right wing, not liberal or left wing.

Military spending consumes only 18% of the budget, so that claim is obviously false.

Lawfully aka constitutionally ,its one of the 3 we are suppose to spend on. Not one of the social services legally get a cent. Maybe SSI since it is 'insurence'.

The legitimate spending at the Federal level would only be Defense, Federal courts, expenditures for the Presidency and Congress, State Department, Patent Office, Post Office and a few minor agencies like that.

Anything else is just nothing but entitlement/welfare bullshit and is unnecessary.

Yep, and wow, we'd be a far greater country to live in.

This is what it was for a long time. The path to the end started with Lincoln ending consent of the governed. At that point the government no longer feared the people since if we tried to leave they knew they could simply conquer us

Lincoln wasn't who most think he was.

Do tell

 

[badger2]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

 

[whoisit]

Is there anything in the world that these stupid uneducated greedy Libtards like better than taxes? I don't think so. It has to be tops on their list.

Most government spending, so then most taxes, are for the military. Which is right wing, not liberal or left wing.

Military spending consumes only 18% of the budget, so that claim is obviously false.

Lawfully aka constitutionally ,its one of the 3 we are suppose to spend on. Not one of the social services legally get a cent. Maybe SSI since it is 'insurence'.

The legitimate spending at the Federal level would only be Defense, Federal courts, expenditures for the Presidency and Congress, State Department, Patent Office, Post Office and a few minor agencies like that.

Anything else is just nothing but entitlement/welfare bullshit and is unnecessary.

Yep, and wow, we'd be a far greater country to live in.

This is what it was for a long time. The path to the end started with Lincoln ending consent of the governed. At that point the government no longer feared the people since if we tried to leave they knew they could simply conquer us

Lincoln wasn't who most think he was.

Do tell

I did.

 

[Donald H]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

Racism is causing problems all over America now.
Much accelerated by Trump's loss of the presidency.
Trump's entire agenda was aimed at directing hateful racism toward America's black people.

The rest of the world is wondering when Americans will bring out their guns and attempt to solve their problem with violence and death?

Will it be isolated killings or will it erupt country wide at the same time? Will Trump get enough balls this time to provide direction to his crazies?

 

[Oddball]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

Racism is causing problems all over America now.
Much accelerated by Trump's loss of the presidency.
Trump's entire agenda was aimed at directing hateful racism toward America's black people.

The rest of the world is wondering when Americans will bring out their guns and attempt to solve their problem with violence and death?

Will it be isolated killings or will it erupt country wide at the same time? Will Trump get enough balls this time to provide direction to his crazies?

 

[Donald H]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

Racism is causing problems all over America now.
Much accelerated by Trump's loss of the presidency.
Trump's entire agenda was aimed at directing hateful racism toward America's black people.

The rest of the world is wondering when Americans will bring out their guns and attempt to solve their problem with violence and death?

Will it be isolated killings or will it erupt country wide at the same time? Will Trump get enough balls this time to provide direction to his crazies?

View attachment 508399

All Americans claims of it not being a racism problem aren't taken seriously by the rest of the world. Trump made it quite clear that his success depended on promoting racism.

Isn't it a bit late for you especially trying to deny it? You can be found on all the threads that are purposely promoting racism.

 

[BluesLegend]

LMAO breaking news, countries lower corporate taxes screwing Biden and Democrats, corporations and jobs flee USA.

 

[Oddball]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

Racism is causing problems all over America now.
Much accelerated by Trump's loss of the presidency.
Trump's entire agenda was aimed at directing hateful racism toward America's black people.

The rest of the world is wondering when Americans will bring out their guns and attempt to solve their problem with violence and death?

Will it be isolated killings or will it erupt country wide at the same time? Will Trump get enough balls this time to provide direction to his crazies?

View attachment 508399

All Americans claims of it not being a racism problem aren't taken seriously by the rest of the world. Trump made it quite clear that his success depended on promoting racism.

Isn't it a bit late for you especially trying to deny it? You can be found on all the threads that are purposely promoting racism.

Eat shit, race hustling punk.

 

[Turtlesoup]

NightFox The fact that it is moving quickly is a sure sign that it is a scam.....

I think what it does, is get our super globalist billionaires out of paying taxes----instead of paying 20-40% to individual countries and forced to bribe politicians in each country...they only need control those in charge of the global tax and will pay no more than 15% of what they can't right off and hide in Foundations and such. They in essence will tax laws for them by people that they control completely while we little people get our asses handed to us by Biden corrupt pols.

 

[Donald H]

Integrated world capitalism has an intimate relationship with the schizophrenic processand is another reason why dems can look the other way while their baboon-puppets bust up the very Portland infrastructure they have jurisdiction over, whilst the puppet’s fellow citizens are being eaten by the commie virus.

Racism is causing problems all over America now.
Much accelerated by Trump's loss of the presidency.
Trump's entire agenda was aimed at directing hateful racism toward America's black people.

The rest of the world is wondering when Americans will bring out their guns and attempt to solve their problem with violence and death?

Will it be isolated killings or will it erupt country wide at the same time? Will Trump get enough balls this time to provide direction to his crazies?

View attachment 508399

All Americans claims of it not being a racism problem aren't taken seriously by the rest of the world. Trump made it quite clear that his success depended on promoting racism.

Isn't it a bit late for you especially trying to deny it? You can be found on all the threads that are purposely promoting racism.

Eat shit, race hustling punk.

Express your anger. Will your rage turn to real violence when Trump makes the call for real support that's not just words? Will you kill for him?