Biden the world leader in raising taxes. 130 countries agree to minimum corporate tax structure.

[Saltwater60]

What a freaking cock sucker. Gets 130 countries to agree to raise taxes. I hope to hell one of these countries bucks the system and we lose out big time just to stick it to Biden.

130 countries back deal on global minimum tax for companies

Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The deal calls for a global minimum tax of at least 15%, a key element pushed...

finance.yahoo.com

 

[livingston]

What a freaking cock sucker. Gets 130 countries to agree to raise taxes. I hope to hell one of these countries bucks the system and we lose out big time just to stick it to Biden.

130 countries back deal on global minimum tax for companies

Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The deal calls for a global minimum tax of at least 15%, a key element pushed...

finance.yahoo.com

these folks never met a tax that they did not like

 

[SonOfSun]

This is a win for America.

 

[libertysnake]

This is a win for America.

I'm not a fan of raising taxes, but I agree that if other countries raise their taxes it will de-incentivize them from moving from the USA to other countries.

I'd much rather lower our taxes than have everyone else raise theirs, but whatever keeps Americans working means less handouts.

 

[Saltwater60]

This is a win for America.

Not really. It’s only a win if you plan to raise taxes so your businesses can’t flee to other countries so easily. There’s a simple fix to this problem. Don’t raise taxes and stop spending.

 

[Saltwater60]

I'm not a fan of raising taxes, but I agree that if other countries raise their taxes it will de-incentivize them from moving from the USA to other countries.

I'd much rather lower our taxes than have everyone else raise theirs, but whatever keeps Americans working means less handouts.

They are raising taxes to achieve more handouts.

 

[Jmac]

Ireland said FU Sleepy Joe

 

[spat]

What a freaking cock sucker. Gets 130 countries to agree to raise taxes. I hope to hell one of these countries bucks the system and we lose out big time just to stick it to Biden.

130 countries back deal on global minimum tax for companies

Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The deal calls for a global minimum tax of at least 15%, a key element pushed...

finance.yahoo.com

Every one of them will except us.

Does it even matter what a corporation pays in taxes in a country where they are defacto arms of the government they are paying the taxes to ?


China could charge %200 corporate tax rate and it wouldn't matter.




Also, businesses *don't* actually *pay* taxes, ever. They collect taxes from consumers and hand them to government. So congratulations, you're celebrating your own taxes going up.


"Isn't it great, McDonalds is being forced to may 30% more taxes next year, but those greedy bastards raised the price of a big mac 35%..."

Well, how TF did you *think* that was going to work out ?

 

[Acer-m14]

and there sill paying a dollar for full days work to the workers ..