Notice they don’t advocate for a minimum wage, which would benefit US workers competing with slave labor. Not that Minimum wages are a great idea or that it could really be enforced.
If the USA wants a corporate tax rate of 15%, then the USA should legislate a corporate tax rate for the USA to be 15%.
Phew! I first misread this thinking they want a global corporate tax of 15% to be paid on top of all the other taxes corporations pay.
Maybe that’s next.
They’ll make us pay more.
Unconstitutional. Needs to be treaty based and no way in Hell 67 Senators will vote for this.
And why would any country possibly go along with this idiotic proposal?
Well if that is what you want to do, put it into a treaty and get it ratified by the Senate. That way the voters can express their pleasure via their Senator and remove them from office.
Corporations do NOT “pay taxes”. Corporate taxes simply make the corporation a TAX COLLECTOR. They collect the tax within the price of their service or product, and turn that over to the government.
This stupid proposal is like a shop owner who is being undercut by his competitors. Instead of finding ways to decrease his prices or otherwise make his products more attractive, he instead demands that a law be passed to force his competitors to raise their prices.
Good observation
Traitor Joe’s Treasury pushing another tax hike ordinary people will pay for.
How many companies have already fled the country since the Harris-Biden socialist administration took office?
No mention that during the Obama-Biden administration had the highest corporate taxes rates in the world, forcing many American companies to flee or go out of business because they were not competitive with foreign companies.
The enemy is within.
I am convinced that Civil War is the only way out.
New World Order here we come, just as Daddy Bush dreamed.....
Corporations do not pay taxes. Consumers who purchase goods and services from corporations pay taxes. If the US was serious about being competitive, it would eliminate all business taxes. Imagine being the only industrialized country in the world that had no business taxes. Everyone would want to locate their businesses here and we could pick and choose who is allowed to setup shop here.
Should be 100% for any company that sends jobs overseas to India or Communist China or brings in H1Bs and other work visa holders into the US
So much for a free market.
wy69
So if all of the nations actually do this (which is highly unlikely - why would an island tax haven slit its own economic throat?), will the US rescind the tax on Controlled Foreign Corporations (where foreign companies controlled 50% or more by US citizens or residents have the pro rata share of company income owned by US taxpayers taxed at individual rates EACH YEAR)?????
I’m betting not - our government is one of only 2 nations on the planet that tax their citizens and (legal) residents on their worldwide income, regardless of where the income is earned. The other nation - check out the fine company that we’re in here - is ... Eritrea. So all civilized nations (and virtually every non-civilized one) have the decency to only tax economic activity that takes place within their own borders. You literally have to renounce your citizenship to escape the IRS, even if all of your income is made overseas, and you haven’t set foot in the US for decades. That’s just wrong!
Notice how this presstitute leads with a claim that the treasury is proposing it, as if it is from some generic concensus, in order to avoid direcly implicating the Biden-Harris admin.