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re: G7 backs Biden's sweeping overhaul of global tax system
Posted on 6/5/21 at 12:49 pm to Eli Goldfinger
Posted on 6/5/21 at 12:49 pm to Eli Goldfinger
Is this an additional tax? Or an agreement that world leaders will push their governments to tax their corporations at a minimum of 15%?
And in what way? Property taxes? Sales taxes? Income taxes?
And in what way? Property taxes? Sales taxes? Income taxes?
Posted on 6/5/21 at 2:10 pm to jlovel7
quote:
Is this an additional tax? Or an agreement that world leaders will push their governments to tax their corporations at a minimum of 15%?
And in what way? Property taxes? Sales taxes? Income taxes?
I believe that this is a plan to get every nation to have a corporate income tax of at least 15%. Nations will be able to have a higher rate if they want, but not a lower one. Of course, they would have to get the all the nations or most of the nations of the world to agree to it or else countries like Ireland (12.5%) and Hungary (9.0%) finna eat.
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