https://www.cnbc.com/2021/06/11/biden-and-g-7-leaders-will-endorse-a-global-minimum-corporate-tax.html
Here we go again. Can you imagine Trump being a part of this?
I find this hilarious! It's unconstitutional! :lol: :lol: :lol: :lol: :lol:
Quote from: Solar on June 11, 2021, 08:16:55 AMI find this hilarious! It's unconstitutional! :lol: :lol: :lol: :lol: :lol:
What is wrong with international competition?
"Pillar one would involve a significant change to the way taxing rights are allocated among jurisdictions, as taxing rights on about $100 billion of profit could be reallocated to market jurisdictions. This would lead to a modest increase in global tax revenues. On average, low, middle and high income economies would all benefit from revenue gains, while 'investment hubs' would tend to lose tax revenues," the OECD explained in a blog post.
"Pillar Two would yield a significant increase in CIT revenues and significantly reduce the incentives for MNEs to shift profits to low-tax jurisdictions, which would generate revenue gains in addition to the direct gains resulting from the implementation of the new rules."
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Of course we already KNEW it was about sucking money out of the USA, and propping up failing Socialist-Communist regimes.
Does anyone think... these impoverished countries are *not* GREEDY...and cheat in a milli-second??