Posted on 11/03/2021 4:13:41 AM PDT by MtnClimber
Somehow it is supposedly a great achievement that 136 countries got together to agree to a 15% minimum corporate tax.
Somehow it is supposedly a great achievement that 136 countries got together to agree to a 15% minimum corporate tax.
Nearly 140 countries agree to minimum global corporate tax rate of 15 percent
US Treasury Secretary Janet Yellen hailed the deal as “a once-in-a-generation accomplishment for economic diplomacy.”
Yellen congratulated countries that “decided to end the race to the bottom on corporate taxation” and expressed hope that Congress will quickly implement the deal in the US.
“International tax policymaking is a complex issue, but the arcane language of today’s agreement belies how simple and sweeping the stakes are: When this deal is enacted, Americans will find the global economy a much easier place to land a job, earn a living, or scale a business,” she said in a statement
(Excerpt) Read more at americanthinker.com ...
The left wants there to be nowhere to escape their greed.
It would have been more impressive if they agreed to a maximum corporate tax of 15%. What these connected, greedy B@stards who live off other people’s labors have done is very similar to private parties engaging in price fixing. Bet they eventually raise the 15% upwards over time.
the world insists that 15% of the ELITE,
that made GOF-coronavirus and these evil DNA operating
systems, be decimated by being dropped
into the volcanoes erupting WW, now demanding this.
It was very impressive how quickly Yellen put this deal together, including getting tax havens like Ireland on board. It will help level one aspect of the international competitive playing field, namely tax competition.
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