It’s just nice to know that corporations have piles of trillions of dollars sitting around so that they can pay this sort of tax. I don’t have any idea where corporations get their money, but I’m just glad to know they have so much of it.
Get ready now for hyper-inflation, spend your stacks of paper “money” on hard tangible goods, gold, silver, collectible autos, land, houses.
My house value on Zillow just keeps going up and up and up!
I could sell, but can’t live in a camper lol
This level of unfair confiscation will simply cause multinational companies to withdraw from the American market.
We are rocketing to the Soviet Union model.
People will have money but nothing to spend it on.
Transportation manager butt boy wants a mileage tax on citizens, easily done with ez pass
These companies assisted the coup against Trump. Tax them into oblivion for all I care.
I thought all the, “shovel ready jobs” had been taken care of? This is a slush fund replenishment proposal.
Biden is applying the, “road and belt” initiative / corruption bonanza to America; it’s graft wearing an infrastructure mask to buy votes for leftists.
In what world does Biden live where tax hikes of that magnitude are not passed onto the consumers along the line?
It is like a VAT that starts on the initial supplier and snowballs down the line.
We are in for a world of hurt financially.
MMT is a theory supposedly already in effect as the trillions have already been “printed” and dispersed over the past decades.
As long as the US has the reserve currency, the PTB can continue, but there are two camps. One views the dollar as getting stronger since it is the less ugly sister on the world financial stage. The other camp sees a total implosion and loss of the reserve currency status which would be a terrible reckoning. See Great Britain’s experience. My SO was in London when the pound sterling was devalued in the 60’s. He remembers the garbage piled up on the streets during the strikes, the prices of everything skyrocking, and the day-to-day agony of people without jobs, money, or a future.
Most care less about corporate law and corporate games that are played with big government. What is quite obvious is that the government plan is a scam and will only benefit big government while the worker, consumer and taxpayers will pay for it all having nothing to show for just this insane $2Trillion in spending. We are just living the Obunghole third term.
Why not have a telethon. Let’s see those big mouth liberals put their money where their mouth is. I’d love to see those companies who screamed raise our taxes at trump do with this option. Costco I’m talking to you. Although there were others.
Elimination of capital gains tax breaks for the “rich” making sales ordinary income taxed 100%. Look for a massive selloff.
The exorbitant taxes on corporations are imposed, but the actual "funding" occurs out of the pockets of the consumer (sheeple) in the form of exorbitant price increases...
It is the sheeple who will fund the communist agenda!
Corporations will feel little financial pain...
G7: Rich nations confident on reaching tech tax deal
6/5/2021, 6:54:40 AM · by Oldeconomybuyer · 1 replies
BBC News ^ | June 5, 2021
Finance ministers from the G7 group of leading economies are confident of striking a deal on taxing multinational companies at their meeting in London. The agreement is expected to include a global minimum rate of corporation tax. It would target tech giants such as Amazon and Microsoft. German finance minister Olaf Scholz said the deal would “change the world”. He said a 15% rate would help pay back debts that have built up during the pandemic - and that he was “absolutely confident” there would be an agreement. “If we agree on the minimum taxation for corporates, this will help...
EU backs U.S. call for global minimum corporate tax, but rate to be decided
4/12/2021, 9:21:41 AM · by BlackAdderess · 16 replies
Reuters ^ | Jan Strupczewski
BRUSSELS (Reuters) - The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in talks in the Organisation for Economic Cooperation and Development (OECD). Yellen said on Monday she was working with G20 countries to agree on a global corporate minimum tax rate to end a “thirty-year race to the bottom on corporate tax rates”.