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130 nations agree to support US proposal for Global Minimum Tax on corporations

130 nations agree to support US proposal for Global Minimum Tax on corporations

US Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax (GMT) on corporations as part of a broader agreement to overhaul international tax rules. If widely enacted, the GMT would curtail the practice of global corporations using low-tax jurisdictions like Ireland and the British Virgin Islands to provide tax-shelter for their profits.

Met Man
Met Man 3 weeks

So if companies make agreements about pricing its called corruption, but when governments make agreements on tax it is fair? Sure!

Rocky 3 weeks

The US trying to destroy free markets. They never learn. These moves always hurt the people and overwhelmingly benefit the political elites. Why would anyone accept this garbage without coercion or force? Every single worker on the planet should be outraged that the world leaders see fit to ensure a minimum amount will be collected from your hides before you ever see the products of your labor. We need to push back against the progression of taxation at the detriment of the workers. Taxes hurt the workers and benefit the elites. Reducing taxes helps the people and takes power from big government. Which side do you want to be on?

Slevin Kelevra
Slevin Kelevra 3 weeks

Oh, no! That only leaves 61 other nations who apparently won't be participating an will clearly be raking in the money.. How can it be a 'Global' tax when only 2/3 of the countries participate? Also, when do we get to see the list? Anyone believe China is on there? Russia? The Cayman Islands?

Yankee 3 weeks

Global tax ? WTF ? Who do these people think they are ? Enough with the taxes already . You all know who will pay for these tax laws ? That's right , US ! We always do .

Jellybean 3 weeks

And what prevents China from agreeing to this tax, then turning around and not doing it, thereby taking in even more companies and investments? Our current politicians certainly won't sanction the CCP, they are a bunch of weak ninnies.

Eric 3 weeks

Price government style!!🤣🤣🤣🤣

Noah PaulOG
Noah PaulOG 3 weeks

This is all completely meaningless unless it's universal. This will only encourage countries to take advantage as tax shelters. Singapore rebuilt it's economy by investing in top end labs (especially genetics) free of global research restraints.

8 2
8 2 2 weeks

🤔 Instead of forcing everyone else to raise taxes to prevent companies from leaving, how about the US lower taxes to convince the companies to stay! 🤷‍♂️

Good Green Goy
Good Green Goy 3 weeks

Can anyone elaborate on how these taxes would be apportioned? I am also very suspicious of an international tax, there should be an easier way.

Darin 3 weeks

That's right! More penalties for success are needed!

Kamran 2 weeks

What they agree to and what they do will likely not be the same. Most countries would rather ask for forgiveness than permission. I guess I'm trying to say that this is inconsequential.

darkwingsmurf 2 weeks

Remember she says inflation is a good thing

nathan 1 weeks

America doesn’t support Yellin or her global tax rate.

Jay 3 days

The other countries are still going to give big tax breaks to get jobs to their country so that's not going to last long. There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine.

Jay 3 days

I wish the US government would stay out of other countries business they can't even run their own country yet the nine most terrifying words in the English language I'm from the government and I'm here to help

Ron 2 days

Well. I guess ill have to raise my rates to cover the new taxes. My clients will have to pay these added taxes or go find another vendor. Even if it cost's me revenues eventually my competition will go out of business. Being debt free gives me options

Scott Yesterday

While 80% of the money trail runs right through Charlotte N. C. and then takes a left turn through Hartford CT before it sails off to foreign tax havens.

Viviko 1 weeks

All this global tax thing is just a stunt to gang up on Ireland who has cashed in huge from attracting multinationals. The US and other nations have just tried to compete and failed. So now they want to hang up so they can take away what Ireland has gained. Which is kind of ironic given how US politicians love to tout competition… but only when they can win. Lol

Scott Yesterday

Another move towards a One World Order.

Beijing Biden
Beijing Biden 3 weeks

More proof of evil globalist cabal.

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130 nations agree to support US proposal for Global Minimum Tax on corporations

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