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

[NightFox]

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.

The Socialist dream, no where else to run.................................

Why do you support tax dodging ? Because its a Biden policy ?

It’s not “tax dodging” as much as it’s cost shifting, in other words it’s allowing multinationals to shift costs onto other tax payers (specifically citizens and businesses that operate solely in the domestic market).

Fundamentally its theft. Its using a countries infrastructure whilst avoiding paying your share. A lot of companies have business models that rely on screwing the tax payer.

If you define it that way, all negative externalities would constitute “theft” and so would any forcible expropriation of productive income for re-distribution by the state, this would also include state subsidies for domestic businesses.

After all, it’s the institution of the state that’s been facilitating this type of behaviour all along.

I cant see it any other way. Taxes are never popular but they are our ticket to a better world. If we allow large corporations to opt out of taxation then our society is going to be unbalanced.
Nobody is looking to shut down these companies, we just want them to share the load.

How exactly are TAXES our “ticket to a better world”? Are you suggesting that state exploitation of the surplus production of the citizenry is the preferred mechanism for achieving a more just and equitable society? If so how come that has never been the case in the history of the institution of the state?

The United States and other developed economies didn’t TAX their way to prosperity, market economies, private property rights protection and entrepreneurship did that. Taxes were initially the means to facilitate those things, however they have become for the most part a means used by the ruling elite to consolidate their power for economic exploitation.

The proposal here is one that seeks to level the playing field between competing centers of exploitation (nation states), however it doesn’t do anything to reverse the direction of political class exploiting the working class.

 

[Votto]

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.

The Socialist dream, no where else to run.................................

Why do you support tax dodging ? Because its a Biden policy ?

It’s not “tax dodging” as much as it’s cost shifting, in other words it’s allowing multinationals to shift costs onto other tax payers (specifically citizens and businesses that operate solely in the domestic market).

Fundamentally its theft. Its using a countries infrastructure whilst avoiding paying your share. A lot of companies have business models that rely on screwing the tax payer.

If you define it that way, all negative externalities would constitute “theft” and so would any forcible expropriation of productive income for re-distribution by the state, this would also include state subsidies for domestic businesses.

After all, it’s the institution of the state that’s been facilitating this type of behaviour all along.

I cant see it any other way. Taxes are never popular but they are our ticket to a better world. If we allow large corporations to opt out of taxation then our society is going to be unbalanced.
Nobody is looking to shut down these companies, we just want them to share the load.

How exactly are TAXES our “ticket to a better world”? Are you suggesting that state exploitation of the surplus production of the citizenry is the preferred mechanism for achieving a more just and equitable society? If so how come that has never been the case in the history of the institution of the state?

The United States and other developed economies didn’t TAX their way to prosperity, market economies, private property rights protection and entrepreneurship did that. Taxes were initially the means to facilitate those things, however they have become for the most part a means used by the ruling elite to consolidate their power for economic exploitation.

The proposal here is one that seeks to level the playing field between competing centers of exploitation (nation states), however it doesn’t do anything to reverse the direction of political class exploiting the working class

It's a well accepted truth that tax and spending solves all the world's problems.

This is not up for debate, this is an accepted truth for people on the Left like Tommy, so you are wasting your time talking to the NPC player. Tommy would just assume disown his own parents if they ever questioned the cult like teachings within the DNC that guides his every thought and action.

 

[Tommy Tainant]

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.

The Socialist dream, no where else to run.................................

Why do you support tax dodging ? Because its a Biden policy ?

It’s not “tax dodging” as much as it’s cost shifting, in other words it’s allowing multinationals to shift costs onto other tax payers (specifically citizens and businesses that operate solely in the domestic market).

Fundamentally its theft. Its using a countries infrastructure whilst avoiding paying your share. A lot of companies have business models that rely on screwing the tax payer.

If you define it that way, all negative externalities would constitute “theft” and so would any forcible expropriation of productive income for re-distribution by the state, this would also include state subsidies for domestic businesses.

After all, it’s the institution of the state that’s been facilitating this type of behaviour all along.

I cant see it any other way. Taxes are never popular but they are our ticket to a better world. If we allow large corporations to opt out of taxation then our society is going to be unbalanced.
Nobody is looking to shut down these companies, we just want them to share the load.

How exactly are TAXES our “ticket to a better world”? Are you suggesting that state exploitation of the surplus production of the citizenry is the preferred mechanism for achieving a more just and equitable society? If so how come that has never been the case in the history of the institution of the state?

The United States and other developed economies didn’t TAX their way to prosperity, market economies, private property rights protection and entrepreneurship did that. Taxes were initially the means to facilitate those things, however they have become for the most part a means used by the ruling elite to consolidate their power for economic exploitation.

The proposal here is one that seeks to level the playing field between competing centers of exploitation (nation states), however it doesn’t do anything to reverse the direction of political class exploiting the working class.

Taxes used to be raised in order to fight wars. Now they pay for our roads, water,health and education. Corporations benefit from all of that and they should pay their way.

 

[NightFox]

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.

The Socialist dream, no where else to run.................................

Why do you support tax dodging ? Because its a Biden policy ?

It’s not “tax dodging” as much as it’s cost shifting, in other words it’s allowing multinationals to shift costs onto other tax payers (specifically citizens and businesses that operate solely in the domestic market).

Fundamentally its theft. Its using a countries infrastructure whilst avoiding paying your share. A lot of companies have business models that rely on screwing the tax payer.

If you define it that way, all negative externalities would constitute “theft” and so would any forcible expropriation of productive income for re-distribution by the state, this would also include state subsidies for domestic businesses.

After all, it’s the institution of the state that’s been facilitating this type of behaviour all along.

I cant see it any other way. Taxes are never popular but they are our ticket to a better world. If we allow large corporations to opt out of taxation then our society is going to be unbalanced.
Nobody is looking to shut down these companies, we just want them to share the load.

How exactly are TAXES our “ticket to a better world”? Are you suggesting that state exploitation of the surplus production of the citizenry is the preferred mechanism for achieving a more just and equitable society? If so how come that has never been the case in the history of the institution of the state?

The United States and other developed economies didn’t TAX their way to prosperity, market economies, private property rights protection and entrepreneurship did that. Taxes were initially the means to facilitate those things, however they have become for the most part a means used by the ruling elite to consolidate their power for economic exploitation.

The proposal here is one that seeks to level the playing field between competing centers of exploitation (nation states), however it doesn’t do anything to reverse the direction of political class exploiting the working class.

Taxes used to be raised in order to fight wars. Now they pay for our roads, water,health and education. Corporations benefit from all of that and they should pay their way.

You have it backwards, Taxes “used to be” levied to pay for roads, waterways and other critical economic infrastructure. Then the ruling class figured out they could use them to fund wars (external conquest aimed at expanding economic exploitation), voting buying, social engineering and political patronage.

What we have now is a system where the lions share of taxes are used for everything EXCEPT critical economic infrastructure.

 

[Wyatt earp]

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?

So you want to rape them

 

[Rigby5]

Sorry, but I don't get this thread.
I have had several corporations, and not once did any of them ever have to pay any taxes.
All the corporation has to do is at the end of the year, if if made too much money and would have to pay taxes, just disperse enough money to employees or stockholders, to wipe out any tax liability.
No corporation should ever had to pay any corporate taxes, regardless of the rates set, because there is never a reason for any corporation to ever have any taxable profits.
All the corporation has to do is just invest any profits into capital improvements, if nothing else.

For any corporation to have taxable income at the end of the year is just management incompetence.

 

[whitehall]

The bar scene from Star Wars agrees to extort money from U.S. based corporations. Even an old socialist like FDR would shudder at the thought.

 

[WTH_Progs?]

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.

Most likely. Neat how the OP calls a participation trophy a win before the game is played. They haven't even planned for a game, yet we win, we're all winners & special.

 

[NightFox]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

 

[Votto]

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.

Most likely. Neat how the OP calls a participation trophy a win before the game is played. They haven't even planned for a game, yet we win, we're all winners & special.

Why waste time waiting for it to happen when you know it will?

 

[Wyatt earp]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

 

[NightFox]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

LOL, You apparently equate the theft of your income by multinationals gaming international tax rate differentials to “freedom”, I’ll grant you, that’s a pretty unique definition however I suspect it’s not one shared by any rational individual.

Perhaps you’re just one of those individuals that likes being exploited by corporations privatizing profits and socializing costs? Are you a fan of corporate subsidies and government sponsored bailouts too?

 

[Oddball]

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?

Does national sovereignty mean anything at all to you?

 

[Oddball]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

Only a globalist fucking commie, and their useful idiots, would support this.

 

[Wyatt earp]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

LOL, You apparently equate the theft of your income by multinationals gaming international tax rate differentials to “freedom”, I’ll grant you, that’s a pretty unique definition however I suspect it’s not one shared by any rational individual.

Perhaps you’re just one of those individuals that likes being exploited by corporations privatizing profits and socializing costs? Are you a fan of corporate subsidies and government sponsored bailouts too?

WTF ?


So 130 nations got together to make up some tax?

It's pure rape and you know it.

 

[Wyatt earp]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

Only a globalist fucking commie, and their useful idiots, would support this.

Thank you

 

[NightFox]

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.

Most likely. Neat how the OP calls a participation trophy a win before the game is played. They haven't even planned for a game, yet we win, we're all winners & special.

Why waste time waiting for it to happen when you know it will?

if it does actually come to fruition, of course there is still a long way to go

Hmmm… I guess you missed that part.

Anyways.

 

[NightFox]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

LOL, You apparently equate the theft of your income by multinationals gaming international tax rate differentials to “freedom”, I’ll grant you, that’s a pretty unique definition however I suspect it’s not one shared by any rational individual.

Perhaps you’re just one of those individuals that likes being exploited by corporations privatizing profits and socializing costs? Are you a fan of corporate subsidies and government sponsored bailouts too?

WTF ?


So 130 nations got together to make up some tax?

It's pure rape and you know it.

Umm.. no, they aren’t “making up some tax”, they’re working to agree on a MINIMUM rate.

You don’t even appear to understand the basic premise of what you’re arguing against, wow, talk about REACTIONARY.

 

[Wyatt earp]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

LOL, You apparently equate the theft of your income by multinationals gaming international tax rate differentials to “freedom”, I’ll grant you, that’s a pretty unique definition however I suspect it’s not one shared by any rational individual.

Perhaps you’re just one of those individuals that likes being exploited by corporations privatizing profits and socializing costs? Are you a fan of corporate subsidies and government sponsored bailouts too?

WTF ?


So 130 nations got together to make up some tax?

It's pure rape and you know it.

Umm.. no, they aren’t “making up some tax”, they’re working to agree on a MINIMUM rate.

You don’t even appear to understand the basic premise of what you’re arguing against, wow, talk about REACTIONARY.

They are working on a minimum rate?




Sounds like rape to me...



Btw are you brain dead? Who ultimately pays these taxes the company's or me?

 

[Oddball]

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?

So you want to rape them

Who exactly is “them”? And how do you define “rape”?

Are you suggesting being in favor of inhibiting multinational corporations from “raping” YOU by externalizing their costs is somehow tantamount to “raping” them? Do you want to continue to subsidize the market infrastructure of foreign tax havens?

Only a asshole , non freedom lover would support this, it's plain rape what's next states preventing people from leaving so they can enforce out ragious taxes on them?

LOL, You apparently equate the theft of your income by multinationals gaming international tax rate differentials to “freedom”, I’ll grant you, that’s a pretty unique definition however I suspect it’s not one shared by any rational individual.

Perhaps you’re just one of those individuals that likes being exploited by corporations privatizing profits and socializing costs? Are you a fan of corporate subsidies and government sponsored bailouts too?

WTF ?


So 130 nations got together to make up some tax?

It's pure rape and you know it.

Umm.. no, they aren’t “making up some tax”, they’re working to agree on a MINIMUM rate.

You don’t even appear to understand the basic premise of what you’re arguing against, wow, talk about REACTIONARY.

If anyone who doesn't understand the basic premise of what's being floated here, it's you.

A tax needs a regulatory and enforcement apparatus to administer and enforce it....What you're pimping here is a worldwide communist wet dream.