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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
26664 Members
See All
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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Under the agreement, G-7 nations will back a global minimum corporate tax of at least 15%, Sunak said in a series of tweets. The reforms will affect the largest companies in the world with profit margins of at least 10%.
Under the agreement, G-7 nations will back a global minimum corporate tax of at least 15%, Sunak said in a series of tweets. The reforms will affect the largest companies in the world with profit margins of at least 10%.
In many countries, there are tax breaks for companies in the "growth" phase of their existence. Supposed to be a way for companies to establish themselves and encourage them to reinvest in themselves. But these tech companies are in an eternal state of growth, so they're able to take advantage of these write-offs even though it was (supposedly) never the intent for large corporations to do that.
In many countries, there are tax breaks for companies in the "growth" phase of their existence. Supposed to be a way for companies to establish themselves and encourage them to reinvest in themselves. But these tech companies are in an eternal state of growth, so they're able to take advantage of these write-offs even though it was (supposedly) never the intent for large corporations to do that.
The G7 is the US, UK, Canada, Japan, Germany, France, and Italy. I expect it will, eventually, filter through to the EU as a whole, and the various blocs will likely to try and spread this to other countries of influence. It'll be really interesting to follow this and see what trends emerge.
The G7 is the US, UK, Canada, Japan, Germany, France, and Italy. I expect it will, eventually, filter through to the EU as a whole, and the various blocs will likely to try and spread this to other countries of influence. It'll be really interesting to follow this and see what trends emerge.
Will the stop the "race to the bottom" of global tax rates? This looks far from over to me even with the G7 agreeing it as some countries do very well out of the current arrangements. It's also at complete odds with the rise of the digital citizen that we are seeing. Some might agree to this while building out loopholes or some might just flat out refuse in my opinion.
Will the stop the "race to the bottom" of global tax rates? This looks far from over to me even with the G7 agreeing it as some countries do very well out of the current arrangements. It's also at complete odds with the rise of the digital citizen that we are seeing. Some might agree to this while building out loopholes or some might just flat out refuse in my opinion.
It was always only a matter of time from the moment corporations started leveraging nations against each other and using them to avoid taxes. They created a need, and where there is a need there is pressure to fill it, and pressure gets relieved somehow eventually.
It was always only a matter of time from the moment corporations started leveraging nations against each other and using them to avoid taxes. They created a need, and where there is a need there is pressure to fill it, and pressure gets relieved somehow eventually.
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