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Posted on 6/5/21 at 4:11 pm to WPBTiger
quote:
US Treasury Secretary Janet Yellen, where she sought backing for the administration's efforts to rewrite international tax rules and discourage American companies from booking earnings abroad.
And the EU said, weve got a better idea WE will tax them here, that worked real well Janet.
Posted on 6/5/21 at 4:59 pm to momentoftruth87
quote:
Yeah but as a conservative do you want made in America or more choice, driving down price?
Made in America
Posted on 6/5/21 at 6:07 pm to momentoftruth87
quote:Trump broke conservatives.
as a conservative do you want made in America or more choice, driving down price?
Who needs a free market? Tariffs!!!
Posted on 6/5/21 at 6:14 pm to WPBTiger
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
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
This post was edited on 6/5/21 at 6:16 pm
Posted on 6/5/21 at 6:14 pm to WPBTiger
quote:
UK finance minister Rishi Sunak announced the agreement in a video posted on Twitter
Rishi Sunak, a fine old Anglo Saxon name.
Posted on 6/5/21 at 7:17 pm to WPBTiger
Isn't this colluding with foreign governments?
Posted on 6/6/21 at 6:35 am to Roaad
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 on 6/6/21 at 6:41 am to WPBTiger
But didn’t Biden just announce he wants to raise ours to almost twice the proposed global minimum? Da fuq?
Posted on 6/6/21 at 6:42 am to Jorts R Us
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.
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 on 6/6/21 at 6:53 am to thetempleowl
quote:
Do any of the g7 countries have a corporate tax of under 15 percent right now?
No. The UK got as low as 19% and was scheduled to go to 17% until COVID hit. Now, they will climb back to 25%.
The purpose of this proposal isn't to get everyone on one rate but to buck the trend of lowering rates.
This proposal is a step but it's hardly the only action countries will take to curtail base erosion and profit shifting.
Much adieu will be made about Ireland holding to its 12.5% rate but that's not even the biggest concern stremming from the Irish tax regime. They could bump it to 15% and they would still be sticking it to a number of other countries with their capital allowance rules for intangible assets.
This post was edited on 6/6/21 at 7:16 am
Posted on 6/6/21 at 7:01 am to WPBTiger
G7 needs an investigation
Posted on 6/6/21 at 7:54 am to WPBTiger
When will people understand, Corporations Don't Pay Taxes. Any expense is passed on to the user/buyer. I really wish colleges and high schools would require some basic economics classed for graduation.
Posted on 6/6/21 at 4:26 pm to Jorts R Us
Don't support GILTI, am OK with Tax havens
Posted on 6/6/21 at 4:35 pm to Roaad
quote:
Who needs a free market?
This wasn’t actually happening. The Chinese are more than willing to frick over anyone and everyone.
Posted on 6/6/21 at 5:02 pm to momentoftruth87
quote:
taxes are theft!
welcome to civilization.
want our country as your customer?
pay for our infrastructure.
Posted on 6/6/21 at 5:14 pm to WPBTiger
That’s not Biden’s plan. That’s Susan Rice’s plan. Biden is busy cleaning his diaper.
Posted on 6/6/21 at 5:26 pm to Roaad
quote:
Don't support GILTI,
So you would repeal GILTI? Would you couple that with a rate decrease to keep investment from flowing out?
quote:
am OK with Tax havens
I just want to be clear with what you mean by this--you are OK with countries setting their rates low or do you actually support tax schemes that involve things like treaty abuse?
Posted on 6/6/21 at 5:30 pm to WPBTiger
What the hell is global tax system?
Posted on 6/6/21 at 5:48 pm to WPBTiger
quote:
global minimum tax
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