President Biden To End Tax Havens For The Mega Rich

[skews13]

When some people get to avoid taxes, the burden is heavier on the rest of us. And it’s not easy to fight tax havens, since most are abroad and the mega-rich are always finding new ways to hide their money.

The world’s most powerful nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking down on tax havens that have drained countries of much-needed revenue.

Many of our international partners, including many of the world’s largest economies, have implemented or will soon implement this transformational agreement. The President’s Budget proposes to do the same by reforming the international tax system to reduce the incentives to book profits in low-tax jurisdictions, stopping corporate inversions to tax havens, and raising the tax rate on U.S. multinationals’ foreign earnings from 10.5 percent to 21 percent. These reforms would ensure that profitable multinational corporations, including Big Pharma, pay their fair share.

President Biden Is Out to End Tax Havens for the Mega-Rich: Boosting Biden Day 106

So what are tax havens, anyway? The EU tells us: “Tax havens”�provide taxpayers, both�[corporations] and natural persons, with opportunities for tax avoidance, while their secrecy and opacity ...

www.dailykos.com

Thanks President Biden. These scofflaws have entirely to much money to spend on political campaigns. Lets relieve them of that extra money to pay back to the societies they robbed it from. Then pass laws putting the golden parachute crowd in prison, when they try to hide the money. You can deal with these billionaires. Just let them eat the fine cuisine of a federal prison for several years.

 

[leftwinger]

 

[pknopp]

If countries quit wasting so much on war that would help a lot also.

 

[TNHarley]

Lolz
They could fix the tax code here but they dont. And dipshits wonder why

 

[Nostra]

When some people get to avoid taxes, the burden is heavier on the rest of us. And it’s not easy to fight tax havens, since most are abroad and the mega-rich are always finding new ways to hide their money.

The world’s most powerful nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking down on tax havens that have drained countries of much-needed revenue.

Many of our international partners, including many of the world’s largest economies, have implemented or will soon implement this transformational agreement. The President’s Budget proposes to do the same by reforming the international tax system to reduce the incentives to book profits in low-tax jurisdictions, stopping corporate inversions to tax havens, and raising the tax rate on U.S. multinationals’ foreign earnings from 10.5 percent to 21 percent. These reforms would ensure that profitable multinational corporations, including Big Pharma, pay their fair share.

President Biden Is Out to End Tax Havens for the Mega-Rich: Boosting Biden Day 106

So what are tax havens, anyway? The EU tells us: “Tax havens”�provide taxpayers, both�[corporations] and natural persons, with opportunities for tax avoidance, while their secrecy and opacity ...

www.dailykos.com

Thanks President Biden. These scofflaws have entirely to much money to spend on political campaigns. Lets relieve them of that extra money to pay back to the societies they robbed it from. Then pass laws putting the golden parachute crowd in prison, when they try to hide the money. You can deal with these billionaires. Just let them eat the fine cuisine of a federal prison for several years.

Explain how they are "scofflaws" if they are following the current laws, Simp.

 

[DukeU]

A thief will find a way.

 

[Independent thinker]

When some people get to avoid taxes, the burden is heavier on the rest of us. And it’s not easy to fight tax havens, since most are abroad and the mega-rich are always finding new ways to hide their money.

The world’s most powerful nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking down on tax havens that have drained countries of much-needed revenue.

Many of our international partners, including many of the world’s largest economies, have implemented or will soon implement this transformational agreement. The President’s Budget proposes to do the same by reforming the international tax system to reduce the incentives to book profits in low-tax jurisdictions, stopping corporate inversions to tax havens, and raising the tax rate on U.S. multinationals’ foreign earnings from 10.5 percent to 21 percent. These reforms would ensure that profitable multinational corporations, including Big Pharma, pay their fair share.

President Biden Is Out to End Tax Havens for the Mega-Rich: Boosting Biden Day 106

So what are tax havens, anyway? The EU tells us: “Tax havens”�provide taxpayers, both�[corporations] and natural persons, with opportunities for tax avoidance, while their secrecy and opacity ...

www.dailykos.com

Thanks President Biden. These scofflaws have entirely to much money to spend on political campaigns. Lets relieve them of that extra money to pay back to the societies they robbed it from. Then pass laws putting the golden parachute crowd in prison, when they try to hide the money. You can deal with these billionaires. Just let them eat the fine cuisine of a federal prison for several years.

LOL. 50% pay zero federal income taxes. That puts a burden on the rest of us.

 

[Concerned American]

View attachment 957370

Gee, what a wonderful idea. Like we are not taxed enough already--now we'll have to deal with a 15% global tax as well. Stinkin' moron globalist democrats, undoubtedly they think this won't effect their lives as well as the rich and the people who live in these "tax havens"

 

[the watcher]

Can't wait to hand over our sovereignty to the globalists, can you? Wilson turned out money supply over to the bankers here, how do you think that turned out? People you can't identify or remove from office dictating your currency, oh wait, we already have that. Never mind.

 

[ColonelAngus]

Did he pay taxes on the bribes he took from Russia, China, Ukraine, and Romania?

 

[22lcidw]

When some people get to avoid taxes, the burden is heavier on the rest of us. And it’s not easy to fight tax havens, since most are abroad and the mega-rich are always finding new ways to hide their money.

The world’s most powerful nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking down on tax havens that have drained countries of much-needed revenue.

Many of our international partners, including many of the world’s largest economies, have implemented or will soon implement this transformational agreement. The President’s Budget proposes to do the same by reforming the international tax system to reduce the incentives to book profits in low-tax jurisdictions, stopping corporate inversions to tax havens, and raising the tax rate on U.S. multinationals’ foreign earnings from 10.5 percent to 21 percent. These reforms would ensure that profitable multinational corporations, including Big Pharma, pay their fair share.

President Biden Is Out to End Tax Havens for the Mega-Rich: Boosting Biden Day 106

So what are tax havens, anyway? The EU tells us: “Tax havens”�provide taxpayers, both�[corporations] and natural persons, with opportunities for tax avoidance, while their secrecy and opacity ...

www.dailykos.com

Thanks President Biden. These scofflaws have entirely to much money to spend on political campaigns. Lets relieve them of that extra money to pay back to the societies they robbed it from. Then pass laws putting the golden parachute crowd in prison, when they try to hide the money. You can deal with these billionaires. Just let them eat the fine cuisine of a federal prison for several years.

This tax is for the world government people. It gets us more used to their power. It will seem normal. The road to slavery is a wile bumpy one. The selling of the climate scam will be a piece of cake eventually and we all will end up taxed in the world government scheme. No where to run to when this completes its course.

 

[wamose]

So, Biden's family fortune uses 20 something shell companies to launder dirty money and conceal wealth but now he's going to crack down on that? Every rich Democrat in the legislature does the same thing but now they're going to crack down? Are they going to crack down on Pelosi and all her friends involved with insider trading? Face facts, Democrats aren't going to do shit to stop their own corruption and robbery. MAGA

 

[ColonelAngus]

New York State need only to make people pay property tax on the actual value of their homes.

Jon Stewart paid taxes for an $800,000 value on a property he sold for $17.5 million.

THE RICH MUST PAY THEIR FAIR SHARE.

Isnt that a lefty mantra?

 

[Harry Dresden]

When some people get to avoid taxes, the burden is heavier on the rest of us. And it’s not easy to fight tax havens, since most are abroad and the mega-rich are always finding new ways to hide their money.

The world’s most powerful nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking down on tax havens that have drained countries of much-needed revenue.

Many of our international partners, including many of the world’s largest economies, have implemented or will soon implement this transformational agreement. The President’s Budget proposes to do the same by reforming the international tax system to reduce the incentives to book profits in low-tax jurisdictions, stopping corporate inversions to tax havens, and raising the tax rate on U.S. multinationals’ foreign earnings from 10.5 percent to 21 percent. These reforms would ensure that profitable multinational corporations, including Big Pharma, pay their fair share.

President Biden Is Out to End Tax Havens for the Mega-Rich: Boosting Biden Day 106

So what are tax havens, anyway? The EU tells us: “Tax havens”�provide taxpayers, both�[corporations] and natural persons, with opportunities for tax avoidance, while their secrecy and opacity ...

www.dailykos.com

Thanks President Biden. These scofflaws have entirely to much money to spend on political campaigns. Lets relieve them of that extra money to pay back to the societies they robbed it from. Then pass laws putting the golden parachute crowd in prison, when they try to hide the money. You can deal with these billionaires. Just let them eat the fine cuisine of a federal prison for several years.

i hope you aint holding your breath.....

 

[leftwinger]

Gee, what a wonderful idea. Like we are not taxed enough already--now we'll have to deal with a 15% global tax as well. Stinkin' moron globalist democrats, undoubtedly they think this won't effect their lives as well as the rich and the people who live in these "tax havens"

When I lived in CA.....I can't prove it but Total Tax Burden on median income, homeowners seemed to be over 60%.

 

[g5000]

If countries quit wasting so much on war that would help a lot also.

Tell that to Putin.

 

[Rambunctious]

Biden is going to reverse Trump's tax cuts and everyone's taxes will go up not just for the employers and job creators....
Working men and women... single mothers... school teachers... public employees... doctors.... maintenance workers.... contractors... farmers.... everyone's taxes will go up...

 

[g5000]

Did he pay taxes on the bribes he took from Russia, China, Ukraine, and Romania?

Oh, you've added Romania now?

Gosh, I can't wait until you provide evidence for all those bribes, especially since Jordan and Comer have been unable to do so, and they've been trying for YEARS.

 

[g5000]

So, Biden's family fortune uses 20 something shell companies to launder dirty money and conceal wealth but now he's going to crack down on that?

I can't wait to see the evidence you have for these bogus claims, especially since Jordan and Comer have been unable to do so, and they've been trying for YEARS.

 

[ColonelAngus]

When I lived in CA.....I can't prove it but Total Tax Burden on median income, homeowners seemed to be over 60%.

I know for sure those in NYC who earn over $200k pay 55%.