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I find it extremely annoying that the USA treasury wants to punish a lot of other countries for being easy to do business in just because the USA themselves doe
by rjzzleep 5y ago
I find it extremely annoying that the USA treasury wants to punish a lot of other countries for being easy to do business in just because the USA themselves doesn’t dare touching their billionaires.
- bbarnett 5y agoTaxing billionaire can generate additional revenue, bit it is nothing compared to corporate taxes.
- rjzzleep 5y agoThose two usually go hand in hand. Most of those billionaires built their fortunes on corporate tax avoidance, so when I say go after their billionaires, I don't talk only about individuals. I'm also talking about the Starbucks, the Amazons, etc. Even the Trump empire was built on smart tax credits, avoidance and political lobbying, and most of it happened before it became a global institution. A global minimum tax rate won't actually fix those institutions tax avoidance, it just makes life harder for everyone else. There are so many more topics to address than just raising an arbitrary tax number. But having that global tax rate, makes it look like they at least tried. Either they don't know what they're doing, or they're intentionally deflecting from the problem. Either way it's not good.