LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.

@soferman
mod
creator
0
edit-2
9d

I don’t understand the purpose. They’ll never be able to drop taxes enough to compete with the other countries. Just tax em good

Edited

kuba_
19d

it’s not a drop. it’s a raise.

@soferman
mod
creator
19d

Yeah, in retrospect my comment is way off. IDK what I was thinking here.

But my point stands. Lowering taxes does nothing against tax heavens. It would be neat to have a global minimum corporate tax. I’d be surprised if it will ever happen though.

kuba_
19d

the discussed topic is an attempt to make 15% min. tax rate 😃

@soferman
mod
creator
09d

Globally

kuba_
19d

there is no body to make such thing on a global scale. that is some start.

@soferman
mod
creator
0
edit-2
9d

Yeah, which makes my point relevant in a sense. Right leaning people often think lowering the taxes will result in less tax evation, but I don’t believe we can lower taxes to compete with tax havens.

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