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

Posted on 6/7/21 at 9:57 am to
Posted by ibldprplgld
Member since Feb 2008
25475 posts
Posted on 6/7/21 at 9:57 am to
Lol China finna eat while these 7 countries stupidly hamstring their own economies.

Can’t wait to hear about how all these jobs being offshored from US soil is a good thing. Progs? Any takers?
Posted by Jorts R Us
Member since Aug 2013
15274 posts
Posted on 6/7/21 at 10:09 am to
quote:

Lol China finna eat while these 7 countries stupidly hamstring their own economies. Can’t wait to hear about how all these jobs being offshored from US soil is a good thing. Progs? Any takers?


Well, yeah, a global minimum tax rate isn't going to cancel out cheap labor but China won't be the primary beneficiary of this. No one wants to park FINCO's and IP in China. Hell, people are keeping an eye on Hong Kong so they can get their FINCO's the frick out.
This post was edited on 6/7/21 at 10:11 am
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