Posted on 06/05/2021 8:12:53 AM PDT by BenLurkin
Biden's plan to pay for at least $1.4 billion [Trillion?] in new infrastructure spending hinges in large part on garnering backing for a global minimum tax on corporations that increases payments to the Treasury. Establishing a minimum rate could help discourage companies from shifting their profits to countries where they would pay less tax.
Saturday's agreement could help accelerate parallel tax negotiations among roughly 140 countries that are being led by the Organization for Economic Cooperation and Development.
Ireland, which has successfully recruited global companies -- including big US tech firms -- by offering a corporate tax rate of just 12.5%, is one country that has expressed significant reservations over the Biden proposal.
(Excerpt) Read more at cnn.com ...
I’m sure they’ll figure it out. Most likely with Uncle Sugar and the EU subsidizing the rest of the world.
I hope he has a press conference and answers all questions from reporters, because this is a big F’n deal!
Follow the money trail they all win.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
One of the reasons why Elon Musk is working 100 hours per week to get to Mars, and why Bernie Sanders wants him to stop playing around with rockets and pay more taxes.
Getting ever closer to a one world government.
They’ll make sure you can never vote with your feet ever again.
“The fact that they support it is meaningless.”
No it’s not. There are many smaller countries not in the G7 that have lower taxes. The plan is to make them comply by punishing them (by the G7) if they don’t.
Truly disgusting stuff.
They ain’t afraid of showing their true colors.
‘They’ want it ALL!!!
It’s always worked so well in the past.
Pee on the mobs enough and eventually they’ll think its just another rainy day.
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