4 ms·
Coordination across nation states will be super important in order to stop runaway inequality that happens when you can easily shift capital around the world.
by dontreact 6y ago
Coordination across nation states will be super important in order to stop runaway inequality that happens when you can easily shift capital around the world.
The only way we will be able to close all of the complex tax loopholes that large corporations take advantage of is to coordinate tax rates across nations.
https://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp https://www.investopedia.com/terms/d/double-irish-with-a-dut...
How often have these loopholes come up and people say "don't get mad at the corporations, we need to change the rules"
This is exactly the type of rule change we need to get this done.
(I know this particular loophole is closed now, but there are new ones I haven't taken the time to learn about yet.)