I hope you kids are excited, Global Tax is coming
(media.omegacanada.win)
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They can try and set a global minimum tax rate but its hard to tax the unemployed. The number of unemployed people will only grow with each month of virus lockdown retardation.
This is a cynical attempt to make Biden’s potential increase in the US corporate tax rate more palatable - increase the US corporate tax rate and then push for other countries to match it. This won’t work as long as there are stable places for corporations to reside and take advantage of lower tax rates: Ireland, Singapore, etc.
Time to establish a tax haven on the moon?
It doesn't matter - 100% of my income is already taxed by the federal government.
Fine by me. Multinational conglomerates have been abusing tax loopholes for decades.
Well, OP didn't post a source like a Fag, so all we know it's fake news.
The same as individuals - who doesn’t use all available income tax deductions?
They can't. It's totally preposterous. The effect would be only to kill jobs, furthering the great reset.
They could try sanctioning countries that don’t play along, but I don’t think it’s that straightforward. Can’t just sanction Ireland without consequences
how do they take our other taxes?
That's my point. They just take it. We need to stop paying taxes. Fuck he govnmt.
This is for multinationals so they can't just set up their HQ in the lowest tax country where they don't even do most of their business. If corporate tax rates are similar throughout the world corporations won't play this particular shell game.