4 ms·
The fact that everyone views it as normal for the US to endorse global tax laws is pretty frightening
by anm89 5y ago
The fact that everyone views it as normal for the US to endorse global tax laws is pretty frightening
- randomopining 5y agoThe fact that nations can syphon off tax dollars from companies that create nothing in their lands is pretty frightening. Rentier effect x 100.
- defterGoose 5y agoBut that's quite literally not what's happening. The problem is companies that do a significant portion of their business in one country using legal loopholes to claim that those operations actually occurred in other jurisdictions where they would have virtually zero tax liability.
- randomopining 5y agoYeah exactly lol. So they pay the lower taxes to another country like Ireland or Malta. Those countries played no role in their ability to produce. Like what did Ireland do to make Apple the success it is today? etc. Apple wins (lower taxes). Ireland wins (free income from a random corp). America loses (loses tax dollars to invest in infrastructure, education, etc).
- criddell 5y agoWhy? To me it feels similar to the US endorsing anti-child labor laws or anti-corruption laws.
- pie420 5y agoThe fact that certain countries can endorse global rules dictating what constitutes a war crime is pretty frightening too. Who are you, Lovecraft? Does the mere concept of global politics scare you?
- mardifoufs 5y agoI think that's a pretty absurd argument. Like some sort of weird variation of fallacious slippery slope. So because someone is for international treaties on war crime he must be for global taxation rates? Would it be ridiculous to not just support a full on global government then since we already have bodies governing war crimes? That lazy line of thinking can be used for pretty much everything
- listless 5y agoWhy frightening?
- permo-w 5y agoPerhaps they're of the "tax is theft" branch of libertarianism
- anm89 5y agoImagine you are a smaller country here. You probably don't want your tax law to be determined by third parties. If anyone tried to enforce things like this on the US we'd be having a press conference with some general explaining that attacks on our sovereignty will have consequences.
- anm89 5y agoTelling that a few people vocally mock this but it has a ton of upvotes.
- PoignardAzur 5y agoIn that case, the US are one of the last OECD countries to get onboard. If you want to look at a case of aggressive US extraterritorialism, FATCA is a lot more egregious.