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A few countries agreeing on a global law. Sounds to me like "USA and UK agree that China should do X". Good luck enforcing it and closing all loopholes when the
by ajkdhcb2 5y ago
A few countries agreeing on a global law. Sounds to me like "USA and UK agree that China should do X". Good luck enforcing it and closing all loopholes when there are powerful people that don't want that. Empty political talk to make it look like they are trying
- peteretep 5y agoChina’s tax rate is considerably higher than 15% and they also don’t want their industries to be competing against companies who are cheating the tax man.
- ajkdhcb2 5y agoI just wanted to show how silly is sounds that some ally countries think they can enforce actions on other countries
- seoaeu 5y agoIsn't the literal definition of 'allies' a group of countries which pool their military resources to compel other countries to act how they want? I don't see the contradiction
- Schlaefer 5y agoThis happens all the time, see e.g.: https://en.wikipedia.org/wiki/Brussels_effect https://en.wikipedia.org/wiki/Brussels_effect Of course you're free to ignore it, if you don't care about hundreds of million potential customers.
- ajkdhcb2 5y agoIt links to the opposing effect too: https://en.wikipedia.org/wiki/Race_to_the_bottom https://en.wikipedia.org/wiki/Race_to_the_bottom So it isn't that simple when it is something like this. So far history shows that tax havens work and the loop-holes are very challenging to close.
- Schlaefer 5y agoThis legislation is directly aimed at preventing a race to the bottom, because societies (represented by their governments) realized that they are getting played by extranational entities if they act alone.
- csomar 5y ago> Good luck enforcing it and closing all loopholes when there are powerful people that don't want that They are, essentially, agreeing to police their imports from world wide countries/companies; which makes them able to enforce it.