[Pearls Before Swine]

and who would collect said tax?

[Magnum44]

The idea is to ensure companies pay a minimum amount of tax regardless of where they are located, preventing firms from evading taxes by establishing headquarters in countries with lower rates -- a practice prevalent among tech companies which drains resources from government coffers.

Its not the governments effin money!

[upchuck]

Pardon me for adding a little TRUTH to the headline:

Global minimum tax for corporations us inches towards reality.

Please see tag.

[Bayan]

Global Marxism and suppression of private enterprise inches toward reality.

[plain talk]

So would the US cut federal tax rates by the amount of the global corporate tax? I doubt it.

Usually when dems run things they just add on taxes and never take away. There are few exceptions to this but not many.

[Richard Axtell]

Will Antarctica become a country? Do they tax snow and ice? Penguin pelts? That continent may be the last resort for those who resort to offshore accounts to hide their profits. Either that, or the Billionaire Oligarchs will simply declare themselves exempt from such a tax. No further discussion is either necessary, or warranted.

[MRadtke]

Yeah, like the chicoms will go along with that.

[Pete Dovgan]

What a great idea......what could possibly go wrong!!

ROFLOL

[Steve_Seattle]

Who would be the enforcing entity for this proposal, and would this proposal be imposed from the top-down with no vote of approval from the people in any country? Is this the “democracy” that the Dems were trying to prevent Trump from destroying?

[The Great RJ]

Aren’t countries sovereign states that would require elected legislative bodies approval to make this happen? What is to say that in the future these elected bodies recind this agreement? The only way this will work is for counties to give up their sovereignty to some world government..but that’s the plan all along.