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>dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income No thanks, you have no right to tell us (Switzerland) how m
by nix23 5y ago
>dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income
No thanks, you have no right to tell us (Switzerland) how much taxes we have to pay. First fix your own US-tax-system.
EDIT: I think he meant that:
https://www.theguardian.com/politics/2021/apr/11/bidens-plans-for-a-global-corporate-tax-rate-could-make-the-world-a-fairer-place https://www.theguardian.com/politics/2021/apr/11/bidens-plan...
- yohannparis 5y agoI think the author of your quote meant global as in "one form for all USA taxes related to income", not as in "international".
- m12k 5y agoAgreed, trying to get the whole world to agree on a single tax rate (0 or otherwise) is unrealistic, and completely ignores the sovereignty of countries to design their tax system as they please. What needs to happen is a modernized way to calculate which percentage of global profits from each company are taxable in which country, and then leave it up to each country how to tax that (or not). The current system lets companies cook the books in a way where they can effectively relocate their profits to any country they want.
- nix23 5y agoAbsolutely that would be a fair a good thing.