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If the point is for every country to have the same tax rate then yes this solves that problem. Each country cannot impose a higher rate de jure for the same re
by petermcneeley 5y ago
If the point is for every country to have the same tax rate then yes this solves that problem.
Each country cannot impose a higher rate de jure for the same reason why now the effective rate is 0%.
- handrous 5y ago... but they all have (effectively) the same rate either way, no? The point isn't for them all to have the same rate, it's for that existing same rate to be higher, right? That it would be, in effect, the same, isn't an outcome of this move. That that same rate would be non-zero is the outcome.
- petermcneeley 5y agoWell no they dont need to have the same rate they just need to implement tariffs. With tariffs one could choose to tax with prejudice. You could tax specific corporations higher or lower or specific industries (gas/coal). Or even give tax breaks to specific industries. This move is a move towards uniformity and specifically uniformity with the USA. I dont think the USA is the model of fiscal governance that much of the world wants to emulate. If one really cared to one could probably find the various loopholes of the powerful in this new minimum as well. However this is just investing time and effort into thinking about a bad idea.