capitalism

Out of context: Reply #770

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  • grafician2

    BREAKING: US Treasury Secretary Janet Yellen announces that 130 countries, representing over 90% of global GDP, have agreed to a global minimum tax on large corporations.

    grafician 2Permalink
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    • Wow! The other 65 counties are about to gain a lot of corporate HQs and GDP share!nb
    • ^eggzactlyGuyFawkes
    • Or, they would if there weren't guaranteed to be a plethora of loopholesnb
    • Can I see a list of the 10%... so I can plan my move.shapesalad
    • see you there shapeMrT
    • Amazon will now become a proud Tanzanian companysrhadden
    • My understanding is that won't work. They'll be taxed based on where they do business, not hq. But I have zero faith any of this will make a difference.formed
    • but that's the point!
      In Europe if you stay in one place for at least 6 months you need to change your tax jurisdiction and you pay taxes there, not at home      grafician
    • Amazon doing lots of business in Europe and not paying a dime in taxes because they're a US company, it's over with this bullshitgrafician
    • Btw here are the tax rates worldwide 2021: https://worldpopulat…grafician
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