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Started By
Message
Yellen Confident Congress Will Pass Global Minimum Tax
Posted on 10/10/21 at 1:05 pm
Posted on 10/10/21 at 1:05 pm
quote:Luckily Biden is having a hard time essentially passing the green new deal (as we have seen that they will piggy-back all the pork & green new deal in and the total price is said to be up there- 7 to 8 trillion)
Treasury Secretary Janet Yellen said on Sunday she was confident the U.S. Congress would approve legislation to implement the global corporate minimum tax agreed by 136 countries.
Yellen told ABC's "This Week" the actions to bring the United States into compliance with the global minimum tax would likely be included in the so-called reconciliation budget bill containing President Joe Biden's proposed spending initiatives.
Asked whether she was confident the measure would get through, Yellen said, "Yes."
A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that Biden said leveled the playing field.
Republican senators have said they were concerned the Biden administration was considering circumventing the need to obtain the Senate's authority to implement treaties. The parliamentary maneuver known as budget reconciliation would allow Democrats to act without Republican votes.
Under the U.S. Constitution, the Senate must ratify any treaty with a two-thirds majority, or 67 votes. Biden's fellow Democrats control only 50 seats in the 100-member chamber. Republicans in recent years have been overwhelmingly hostile to treaties and have backed cuts in corporate taxes.
LINK
What is everyone's thoughts on the great reset & globalization not being passed w/o a global tax? And the difficulties they will have getting here because it requires a treaty?
Will they just force it in? This is why 2022 is important to not sit at home. Make it impossible for them to cheat.
16
Posted on 10/10/21 at 1:11 pm to cajunangelle
Someone explain this to me? Is this an additional tax that goes to some global organization similar to how I assume the EU is run and funded?
Or is this just a pledge that we won’t drop our corporate tax below 15%? Which is below what we currently tax.
Either way not a fan. Don’t want to tie ourselves unnecessarily to other countries for almost any reason. We should tax our companies based on our own volition and not because of any pressure from elsewhere.
Or is this just a pledge that we won’t drop our corporate tax below 15%? Which is below what we currently tax.
Either way not a fan. Don’t want to tie ourselves unnecessarily to other countries for almost any reason. We should tax our companies based on our own volition and not because of any pressure from elsewhere.
Posted on 10/10/21 at 1:14 pm to cajunangelle
As ludicrous as this shid is: Manchin will hold out, then McCuckold and Cornyn will go behind everyone's back at the last minute and push it through.
Posted on 10/10/21 at 1:22 pm to cajunangelle
The *asterick* administration is working overtime to destroy this Country and Populace,to clearly gain more power,while taking it away from every one that doesn't blindly obey.
inho,they realize that if they don't change America in the next couple of years,they may never get this chance again.
They were able to gain power under the fog of Covid.
They'll never let it go away(which it's not,but worse they'll never give up the power they've taken under the fog of Covid.
inho,they realize that if they don't change America in the next couple of years,they may never get this chance again.
They were able to gain power under the fog of Covid.
They'll never let it go away(which it's not,but worse they'll never give up the power they've taken under the fog of Covid.
Posted on 10/10/21 at 1:24 pm to cajunangelle
Corporate taxes should be zero. Tax the money as it comes out.
Taxing corporations, is in essence a hidden tax on the general public. Every pension, 401k, or other retirement vehicle is invested in the same corporations. Taxing them is taxing the profits out of the stock that everyone is invested in…..
Taxing corporations, is in essence a hidden tax on the general public. Every pension, 401k, or other retirement vehicle is invested in the same corporations. Taxing them is taxing the profits out of the stock that everyone is invested in…..
Posted on 10/10/21 at 1:33 pm to cajunangelle
quote:
Janet Yellen
Every. Single. Time.
Posted on 10/10/21 at 1:35 pm to cajunangelle
no chance 2/3'rds go for that shite
Posted on 10/10/21 at 1:43 pm to cajunangelle
Im confident shes a Nazi
Posted on 10/10/21 at 1:58 pm to DreauxB2015
quote:
Im confident shes a Nazi
She wants to get rid of the central bank?
Posted on 10/10/21 at 2:04 pm to cajunangelle
how stupid would the U.S. be to lock in a competitive disadvantage?
Posted on 10/10/21 at 2:14 pm to TrueTiger
quote:
how stupid would the U.S. be to lock in a competitive disadvantage?
Maybe the people in power aren't interested in our nation or people. Maybe there's a small rootless international clique that works together across many nations for their own benefit at our expense.
Posted on 10/10/21 at 3:16 pm to cajunangelle
quote:
This is why 2022 is important to not sit at home. Make it impossible for them to cheat.
Keep believing the answer is the voting booth. They had to forge 20+ million votes for the Presidency and had no problem or pushback doing it.
Rinos are just as filthy as Dems.
Posted on 10/10/21 at 3:21 pm to stlslick
quote:
no chance 2/3'rds go for that shite
They will get it in reconciliation.
Posted on 10/10/21 at 3:33 pm to jlovel7
quote:
Or is this just a pledge that we won’t drop our corporate tax below 15%? Which is below what we currently tax.
This.
It may also include something about a home country being able to tax foreign corporations who do business in their country.
This is not a "new global tax being sent directly to the Bilderbergs". Though I suspect a lot of the new revenue generated will indirectly find its way back to them.
Smart corporations will likely just move their paper headquarters to countries not participating in this globo homo nonsense.
Posted on 10/10/21 at 3:45 pm to cajunangelle
Proof of alien lifeforms.
Posted on 10/10/21 at 3:47 pm to Pisgah Pete
A few years back we passed an international tax to deal with US companies holding earnings offshore, it obviously had no teeth or Apple, Amazon and crew would not be incorporated in Ireland for international purposes.
But the new corporate tax biden is pushing is close to 30%. This international tax I believe would be taxed and kept in the country where its earned so I dont understand how the US benefits when they are taxing Amazon in the UK or Europe, seems that would reduce their taxable income for the US when those earnings come home (though I doubt they will).
So I dont understand why yellen biden and co are pushing for it. Some idiot financial expert on BBC said "well you see biden is raising the US rates so if he can get Europe to tax them at 15% less companies will leave the US???? Obviously this guy failed math, that still leaves a 15% reason, on trillions of dollars, to leave the US.
I dont understand the push, and havent found a reason, but it is the US pushing it, which is quite odd.
But the new corporate tax biden is pushing is close to 30%. This international tax I believe would be taxed and kept in the country where its earned so I dont understand how the US benefits when they are taxing Amazon in the UK or Europe, seems that would reduce their taxable income for the US when those earnings come home (though I doubt they will).
So I dont understand why yellen biden and co are pushing for it. Some idiot financial expert on BBC said "well you see biden is raising the US rates so if he can get Europe to tax them at 15% less companies will leave the US???? Obviously this guy failed math, that still leaves a 15% reason, on trillions of dollars, to leave the US.
I dont understand the push, and havent found a reason, but it is the US pushing it, which is quite odd.
Posted on 10/10/21 at 3:54 pm to cajunangelle
frick that shite.
Posted on 10/10/21 at 4:08 pm to cajunangelle
Posted on 10/10/21 at 5:25 pm to Oswald
Posted on 10/10/21 at 5:30 pm to cajunangelle
quote:
Republican senators have said they were concerned the Biden administration was considering circumventing the need to obtain the Senate's authority to implement treaties. The parliamentary maneuver known as budget reconciliation would allow Democrats to act without Republican votes.
Please tell me how the Democrats can use the parliamentary rules to circumvent the Constitution, which plainly states that treaties must be ratified by 2/3 of the Senate?
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