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G7 to move against Tech giants in attempt to make them pay ’fair share’ in taxes

G7 to move against Tech giants in attempt to make them pay ’fair share’ in taxes

The G7 group of wealthy nations have signed a landmark deal to tackle tax abuses by some of the world’s biggest multinationals and establish a minimum global corporation tax for the first time. Finance ministers from the world’s richest economies agreed the historic deal on Saturday as part of talks held in London. Multinational corporations would face taxes in all countries they operate in.

Rocky 2 weeks

Your fair share of what someone else earned is always zero. It's one of the most annoying falsities that they always spew on the left especially. No one is entitled to products of another's labor. This applies to individuals and businesses. To take ownership of another's labor is either theft or slavery neither is desirable in an advanced society.🤦🏽‍♂️

FirstCensorshipThenJail 2 weeks

Multinational corporations and NGOs should not enjoy the rights of a citizen of a nation. That is; no right to free speech or the ability to censor free speech, no right to private property or tax deferments, no right to political activities or funding, no right to organize or litigate, no right to lobby or pursue political agenda of any kind. Multinational corporations, NGOs and foreign sovereign wealth funds should be open to the nationalization of all their assets and bank accounts without recourse to object or appeal to the court systems anywhere. Board members of Multinational Corporation, NGOs and foreign sovereign wealth should be personally liable and face forfeiture of all personal and extended family assets in perpetuity for any breach of sovereign nations laws, codes of conduct and or cultural norms. What the G7 is proposing is a fee to actual codify and protect the Multinational Corporation, NGOs and Foreign Sovereign Wealth Funds from criminal activities not curtail them. The politicians and bureaucrats that are negotiating these laws are the actual stakeholders in these Multinational Corporations, NGOs, and Sovereign Wealth Funds. They are not acting in the national interest they are acting on personal interest which they are masquerading as national interest. If they were actually acting on behalf of the Nation and Citizens they would not talk about about the issues of national sovereignty in an international body. Instead, they would just act unilaterally in their own national legislatures and not seek consensus. It is only because what they are actually doing is seeking to protect the Multinational Corporation, NGOs and foreign wealth funds that they are putting on this dog and pony show and determine a fee to legitimize the illegitimate rights of Multinational Corporations, NGOs and Foreign Wealth Funds giving these extraterritorial actors more rights than national citizens. Do not tax them for you legitimize them. Instead, take away all these organizations' rights, take away their ability to use the court system or enforce rights that these organizations are not entitled to.

Ben 2 weeks

Taxes are for slaves of the state. Taxes do nothing for anybody but the rulers and a Global tax to boot! What’s next? A Galaxy tax?!

Bob Kelso
Bob Kelso 2 weeks

You woke fo"s are gonna love how much this will cost the end consumer. And most impacted by inflation and taxes will be the same people they claim to be saving. Liberalism always generates the exact opposite of its stated intent..

skrappjaw 2 weeks

This just means more consolidation of power and higher taxes for everyone. They'll be taxing us at payroll for these things. Oh wait... They do. Our income taxes get shipped to foreign countries to push more wars and poverty and corruption. My bad. Nothing to see here.

a commoner
a commoner 2 weeks

So I guess this means more companies will move to China because I'm sure they won't follow along. Look at how well china is cooperating in climate control. Nice move joe.

mskrn 2 weeks

I am not against taxes. However, I am against the money received from taxes being used to get these asshats re-elected by promising stuff for free. That is when it becomes theft. That goes for the right, left and anyone in between.

Shane 1 weeks

The problems with this deal: 1. Small nations (like Ireland) will lose their competitive advantage as corporations who once bolstered their economies will move their operations to countries that don't need low tax rates to be attractive. 2. It will be more difficult for smaller-to-mid-sized businesses to enter the global stage due to increased burden of regulation. 3. While tax rates being proposed are just 15% (lower than most countries atm), the goal is likely much higher (as Biden initially sought). Without competitive taxation, we will eventually see high tax rates globally. This will favor big tech corporations who can absorb the financial and administrative burden it entails. This approach might help to fix tax evasion, but it'll have some pretty disastrous consequences overall. We've already seen how much the rich grew their wealth last year. These people are happy to back this kind of regulation because they're "too big to fall." They know the end result is more power and money in their pockets at the expense of the little guy.

Bryan_with_a_why 1 weeks

No no no! We must all fight back on this!! As always they will start with just a "tax for the rich" and within 5 to 10 years we will all be paying a global tax to these evil f*cks. The taxes you pay right now all started with just a "tax for the rich that won't affect you" and look at how your life is now. Most of you pay almost 50% of your wages in taxes when all of them are calculated. Remember these are the same people who are willing to murder women and children in the name of peace and prosperity and won't even blink an eye.

GB Oz 2 weeks

Good. About time big tech parted ways with some of their billions and no, it’s not going to affect the people. Except to say, the citizens in each country, will enjoy a boost to their national coffers. The money is rightly due to each individual country. I did say, this was the year of reckoning for big tech. Finally!!

الأكبر فادي
الأكبر فادي 1 weeks

Literally any country who lowers their rate below this stupid idea of a rate will win big... as flocks of companies will come to them over these "G7" fools

Doug 2 weeks

Multinational corporations have dodged taxes with "Double Irish with a Dutch sandwich" scam (:-(

Eddie 2 weeks

A bunch of lazy rich people trying to figure out how they can get more money without doing any work.

Andrew Montague
Andrew Montague 2 weeks

Tax Lawers: Mwhahahaha!

Lev !🇺🇸 MINISTRY OF TRUTH 2 weeks

Oh no another attempt at globalization, but corporations are people too... oh, I don't know it looks like they're coming after your wallets corporations, run, run forest run, run you dollards.

Indo 2 weeks

And it's always the same ole story with the officials and them biggies. Never a proper way of taxing has ever happened. Weird or what !!

Ben 1 weeks

Beijing Biden
Beijing Biden 2 weeks

Globalist filth

Nathan  Hough
Nathan Hough 1 weeks

Looks like it is tie disband the G9

Central Scrutinizer
Central Scrutinizer 1 weeks

How do you spell new world order?

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G7 to move against Tech giants in attempt to make them pay ’fair share’ in taxes

2 weeks