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

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.
The proposal isn’t for a “global tax” it’s for an agreement between countries to keep their INTERNAL corporate income taxes at a minimum of 15% (15% is the initial figure, could change when all is said and done). The idea being to inhibit multinational corporations from sucking profits (and jobs) out of one countries market and into another countries market simply because the destination country has utilized lower rates to artificially manipulate comparative advantage.

These companies use all the critical economic infrastructure, private property protections and contract enforcement that you and I pay for, make their profits and then move the profits offshore so that they can contribute to some other countries infrastructure, It’s free riding on our backs.

You’re right not to trust the globalist infrastructure on putting together a final product that is fair, however that doesn’t make the CONCEPT of what they say they’re attempting to do a bad one.
 
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.
in the movie Stalag 17, the main character spurts 2 packs of cigarettes that a POW does not make it out of the compound in an escape attempt. I bet the same thing that the ghettos will be here by the end of the Progs false Potentate term in 2024. If reelected in 2024 and even after. And for the foreseeable future. The ghettos will expand. The gangs will expand in massive numbers. In all ethnic and cultural groups. Deny it. Tell me it will be nirvana in 2024.
 
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.


You are confused Moon Bat.

The US spends more on defense than any other country on the face of the earth and it is typically about $500 billion out of about $4-5 trillion in Federal spending. Even in times of military buildup like Trump had to do after Obama fucked up the military to get back to strength is never more than $700-800 billion.

I know you stupid uneducated Moon Bats are not very good in math but that is not "most" spending as you claim. It becomes even a lower percentage when you throw in a like amount of State and Local spending.

By the way dipshit. Defense is one of the very few legtimate expenditures of the Federal government. A lot more legtimate than giving Illegals welfare, bailing out GM and Chrysler or giving grants to companies like Solyndra..

Pull your head out of your Libtard ass. You are just embarrassing yourself by showing your ignorance.

Totally wrong.
There is not a single person who does not admit the military accounts for more than half the US federal spending of tax dollars.
I just put up the piechart proof for someone else, so am not going to repeat it, as it should be well known.

And no, military spending is not at all legitimate.
We have never been attacked since 1812, so the military is entirely offensive, useless, and a danger to ourselves and others.

Bailing out Chrysler and GM did not cost us a cent because they repaid it all, and was a huge benefit in jobs and future income taxes paid.


Stop lying! It is less than 20% of the budget.

Why do you asshole Libtards have to lie so much?

Wrong.
Once you include VA, GIBill, interest on past military borrowing, etc., actually the military eats up over 75% of our tax money.
Things like Social Security do not count because they are self funding.


You stupid shithead. Of course once you remove all other government spending then all you have left is Defense. Are you really this fucking stupid or do you just play stupid on the internet?
 
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.
Countries that fail to enforce, where does the taxes go? If a company is being taxed, how will it be passed onto the consumer because that is who really pays taxes. Is this added to the taxes countries tax rates that are already in place? This could also prevent many technologies and services from going global.
 
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.
in the movie Stalag 17, the main character spurts 2 packs of cigarettes that a POW does not make it out of the compound in an escape attempt. I bet the same thing that the ghettos will be here by the end of the Progs false Potentate term in 2024. If reelected in 2024 and even after. And for the foreseeable future. The ghettos will expand. The gangs will expand in massive numbers. In all ethnic and cultural groups. Deny it. Tell me it will be nirvana in 2024.
It's very likely there's no way out of the escalating racism/race problem for America, and so the murder of blacks will increase in number and the increase in ghettos will match the pace.

Gang violence will result in more and more police violence in a desperate attempt to prevent violence.

Termination of the Trump influence on the American mind is likely the only hope of stabilizing the hate and racism at least at current levels. Otherwise it's going to get a lot more bloody.
 
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.
Countries that fail to enforce, where does the taxes go?
I suspect the response to failing to live up to the agreement will come in the form of tariffs from the other parties in the agreement. We can’t be sure about the enforcement mechanisms since the agreement hasn’t been finalized.
If a company is being taxed, how will it be passed onto the consumer because that is who really pays taxes. Is this added to the taxes countries tax rates that are already in place?
No, the proposal doesn’t seek to add anything on top of existing corporate income taxes, it just seeks to have each participant agree to raise their internal corporate income tax rates to an agreed upon minimum.
This could also prevent many technologies and services from going global.
The proposal includes a BAN on digital services taxes, so if that’s agreed to, it should help facilitate more technologies and services to “go global”.
 
The issue is always going to be propelled by racism in America. Here's how:

Income inequality is at the root of US politics. Trump drew huge support from working class Americans with his promise to fix that problem. He didn't.

And there's a lack of will by the people to do something to end it because the largest group that would benefit would be poor black people.

This is common to lack of enough energy in Americans to do something about their outrageous failure to address the HC issue.

And then the racism problem is on the increase, as opposed to the political climate created by Trump allowing any decline.
 
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.
If the corporate tax is baseline across the globe, corporations will then head to countries with a lower minimum wage.
Corporations already do that and have been doing it for decades, however differential labor costs are not what this proposal is attempting to address.
And no, that won't be the US of A.

Sounds like the democrats will put a dagger in the economic heart of the US once and for all.
How does this proposal hurt the U.S. ? Why wouldn’t we want to keep corporate taxes for domestic business in the U.S. rather than seeing them expatriated overseas? Why wouldn’t we want to protect U.S. business from digital services taxes imposed by foreign governments?
Its great news and hopefully the start of controlling the parasitic corporations.

Starbucks evades UK taxes by buying its coffee from a company based in that well known coffee hotspot, Luxembourg. The company is wholly owned by...................Starbucks. It enables them to dodge UK taxes and undercut local coffee shops.
Its sinful.
Such a national socialist, your dribble is based on the failure to understand domestic and international tax laws which corporations and your Devine select few execute too perfection. Please don’t forget those who wrote those laws in the first place. So pathetic.
 
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.
If the corporate tax is baseline across the globe, corporations will then head to countries with a lower minimum wage.

And no, that won't be the US of A.

Sounds like the democrats will put a dagger in the economic heart of the US once and for all.
the dumbocrats don't understand economics.
 
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.
support it? how many agreed to pay it? haha

and how are they going to enforce it?
 
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?
Oh dear.
 
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?
Oh dear.
Nope, just math.
 
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
Oh they will certainly invest. In automation. Which hurts employment opportunities. As far as tax reductions of course that will happen as well, which in turn means the money they expect to collect and spend on socialism won’t be there.
 
  • Thanks
Reactions: kaz

Forum List

Back
Top