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There are rules for RoW and there are rules for the USA. Astonishing that the G7 falls in this trap again and again (for example Basel III). The US was a major
by abc03 1y ago
There are rules for RoW and there are rules for the USA. Astonishing that the G7 falls in this trap again and again (for example Basel III). The US was a major driver in pillar 2 but won‘t adhere to it. Probably companies will restructure their organization to have two streams and exploit it. Despite GILTI, some US companies have low ETRs.
- miohtama 1y agoA lot of success of Magnificent 7 companies is tax optimisation, not just productivity gains. For example you can check Amazon effective tax rate here https://csimarket.com/stocks/singleProfitabilityRatiosy.php?code=AMZN&itx https://csimarket.com/stocks/singleProfitabilityRatiosy.php?... ...or "Jeff Bezos did not get rich by paying taxes"
- refurb 1y agoProductivity measures are calculated pre-tax.