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Well the simple answer is that they do contribute something back. Payroll taxes fund social security, medicare, and federal unemployment insurance. And of cours
by saxonww 6y ago
Well the simple answer is that they do contribute something back. Payroll taxes fund social security, medicare, and federal unemployment insurance. And of course they contribute indirectly by paying wages so that people can buy things and we can have an economy.
I am on the side of people wanting to see corporate tax avoidance stopped. But my first reaction on seeing this headline and reading the article is that if a bunch of businesses got together and decided to set rates, we'd accuse them of collusion and call them a cartel; if they were in the US, we'd all be yelling about antitrust.
IMO, trying to set a global minimum corporate income tax is addressing a symptom. I don't know what the real problem is, but "dang it, they reported their income in Ireland!" is definitely not the whole story.