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re: G7 backs Biden's sweeping overhaul of global tax system

Posted on 6/6/21 at 6:35 am to
Posted by Jorts R Us
Member since Aug 2013
14938 posts
Posted on 6/6/21 at 6:35 am to
quote:

This is, by definition, a big government agreement. The reason Biden wants this to allow him to raise corporate tax rates, with less fear of businesses leaving due to increase in taxes. Fear of losing businesses is the one check businesses have in dealing with heavy taxes and regulations from the government. This is a horrible, gross overstep. When all the governments collude to end the free market, Dems and Republicans cheer. fricking clown world


And you do you feel about GILTI? Or the Irish CAÍA rules?
Posted by thetempleowl
dallas, tx
Member since Jul 2008
14934 posts
Posted on 6/6/21 at 6:42 am to
Just a dumb question.

Do any of the g7 countries have a corporate tax of under 15 percent right now?

That seems pretty low for any of these countries.
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76835 posts
Posted on 6/6/21 at 4:26 pm to
Don't support GILTI, am OK with Tax havens
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