Biden pushes G20 towards a minimum global corporate tax. Tough times for avoiders

[Papageorgio]

G20 takes step towards global minimum corporate tax rate

Meetings of finance ministers follow change in US stance, with consensus growing on tackling tax avoidance

www.theguardian.com

This is a huge initiative that he has undertaken. The corporations use all manner of means to avoid paying their fair share and hide it away in smaller rogue nations like Ireland and Luxembourg

If President Joe is serious about this then humanity will take a step forward and the power of the corporations will have been limited, if only for a while.

Well done Mr President.

When you can't compete......outlaw competition.

So you support all the US corporations moving to Honduras or similar to avoid paying US taxes. Thats a strange stance.

If they sell in the US, they are already paying taxes on what they sell in the US. Every nation has a lower tax rate than the US, I am doubtful that other G20 countries would support raising corporate taxes on their companies and lose a competitive edge, do you?

 

[Papageorgio]

It’s good to see globalism finally taking foot. Hopefully one day there will be one government running all the countries. Then we can all be equal and racism, bigotry and inequality will cease to exist

That won't solve racism, inequality and bigotry. I'm not sure how you got that idea.

 

[Damaged Eagle]

It’s good to see globalism finally taking foot. Hopefully one day there will be one government running all the countries. Then we can all be equal and racism, bigotry and inequality will cease to exist

What makes you think you'll exist or have the freedom to express yourself as you wish if that happens?

*****SMILE*****

 

[Desperado]

We should not do it because since when does the US have the authority to demand a global tax hike?
Can you envision the uproar that would happen if it was China demanding we raise our tax

 

[Staidhup]

It’s good to see globalism finally taking foot. Hopefully one day there will be one government running all the countries. Then we can all be equal and racism, bigotry and inequality will cease to exist

Your hallucinating, put down the bong. One world Government based on what, Marxism, Leninism, or Stalinism? Your pipe dream contradicts reality.