Posted on 07/16/2022 7:45:23 AM PDT by karpov
A government can sign up but a new government can tear it up
And the “global 15% tax” goes where???????? The UN probably.
A global tax. Paid to who?
Good for Manchin!
p
Once they grab our money it will be hard to stop them
I'm not sure who gets the bulk of it but I know who gets their 10% cut.
Its simply amazing how much utter ruin was avoided by the margin of one Democrat Senator from West Virginia and one from Arizona.
Frightening.
Can I just make out a check for my income to Herr Oberfurher Klaus.
Exactly how much would China pay?
Remember when people warning of a one-world government were ridiculed as conspiracy nuts? Yeah, not so much anymore.
The world is getting closer together. It’s like HOA fees in a condominium.
We have more to gain with bilateral agreements. They can be cancelled at any time.
The 15% corporate income tax would be paid to the U.S. Treasury as it is now. The idea of the global tax agreement is stop countries from competing on the basis of low corporate income taxes.
Any country can say and do:
1) 15% ? Ok we do it
2) to any foreign company, the country said here is our “signing” bonus to invest here :$$$ per year, curtesy of our government
They are calling this global tax scheme a “deal” or an “agreement”. But since foreign countries are involved, I see it as a treaty. And treaties must be approved by 2/3 of the Senate, not by simple majorities.
I’m just a dumb old guy. So I guess I’m wrong. But where am I wrong?
Or to Soros
No, the majority of nations are ganging up on countries with low Corporate Income Tax, like Hungary. The treaty will require all countries to tax corporations a minimum of 15% on income. It’s a way to prevent companies fleeing from high tax countries to low tax countries. Ireland had low income taxes for many years, and became a center for high-tech companies, but then caved a while back and agreed to raise taxes on companies.
Which companies pay less than 15%? In which countries?
I’ll like him a lot more if he switches parties and puts an end this nonsense in the Senate. Seems like his bargaining power with McConnell will peak just before the mid-terms. Either the Republicans pick up seats and don’t need him, or the distribution remains the same, in which case he can still reap a great deal, or the GOP loses enough seats that his conversion no longer matters. If he defected at the outset of a lame duck period (i.e., last two months of Dem control of Senate) it would be of great value in stopping the kitchen sink of outrageous legislation that would otherwise be rammed through the Congress.
> Exactly how much would China pay? <
China has agreed to this global tax scheme. So Chinese companies would pay a minimum 15% corporate tax, just like every other company in the world.
I kid, of course. Chinese companies will pay exactly what the Communist leadership wants them to pay. If the leadership wants them to pay 0% to help them undercut Western companies, then 0% is what they’ll pay.
That 0% will be recorded as 15% on the books. Who will challenge that? No one will.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.