U.S. Treasury Secretary Yellen to call for global minimum tax rate

The US economy will also grow 8 to 10% in 2021

Question: MAGA Biden, or MAGA through RELIEF Packages, both individual and corporate?

 

I have no idea what you’re trying to say.

 

Now take that definition and walk threw Biden’s bill and explain how each item fits your definition.

 

I have no problem with a minimum tax rate. I am just not sure how you can enforce it when it comes to other countries.

 

Once again, where in the world did you get this crazy idea?

Trump loved tariffs, he used them ever chance he got.

Nobody would enforce it as nobody really wants it. And if it were tried people would just argue about what is a subsidy and what is not.

 

Well, in reference to; ''We'll be giving up our autonomy''

We've already done so with the new NAFTA......

In the new NAFTA, Chapter 19 is a Dispute Settlement Mechanism/Panel, made up of Trade Representatives from Mex, U.S. and Cda, and it was a compromise.

Thus, in reference to Trump wanting a ZERO world-wide tarrifs, ZERO subsidies, and ZERO non-tariff trade barriers, said global agreement would undoubtedly include a Chapter 19.

 

So, for the third time....where in the world did you get the crazy idea Trump wanted ZERO world-wide tarrifs, ZERO subsidies, and ZERO non-tariff trade barriers?

The man never met a tariff he did not like, he added them like candy.

The man gave out more Ag subsidies in 4 years than the last two presidents combined.

 

It was just a blah blah blah, talk talk talk

Making Sense of President Trump's Call for Zero Tariffs - WSJ
https://www.wsj.com › Economy › The Outlook

Aug. 25, 2018 — He also calls himself a free trader who wants to eliminate tariffs altogether as well as industry subsidies and non-tariff trade barriers across ..

 

Thanks.

I had forgotten he said that. But for me, when someone's words and actins do not match, I go with their actions as their true beliefs.

 

AND the above-average intelligent people know that Trump's ZERO ZERO ZERO Global trade agreement would require a NAFTA's type Chapter 19, thus, a Dispute Settlement Panel made of Trade Reps from many countries.

 

Which is one of many reasons it would not work. Do you think you could get 5 countries to even agree on what is and is not a subsidy?

 

Well, before we get to enforce it, we must first understand the pros and cons of raising the current foreign minimum 10.25% corporate tax rate to 21%.

 

Well, in reference to; CBO reports that corporate tax review so far this fiscal year is up about 19% so far this fiscal year.




Uncle Sam's credit card has/will certainly MAGA, right?

 

You understand just as many republicans changed voting laws to accommodate mail in voting due to covid right? Trump won those states so didn't care that the rules were changed. It's why he only brought democrat states to court, even though states like texas did the exact same thing Pennsylvania did. Lol

 

It boils down to hypocricy.........

In reference to our preventable Covid19 Summer Wave

Trump's supporters; ''Nothing Trump could have done due to ''Separation of Power between States and Federal''

HOWEVER, FEDERAL Trump desperately tried to overturn State's election laws, and the Electoral College........Separation of Power between States and Federal???????????......................My arse!

I hate hypocrites!

 

Apples and oranges. There is no practical way for the US to insure that Sri Lanka has a minimum corporate tax rate. It isn't like we can regulate their trade with India.

 

So other companies paying taxes is ok, but not those 55.

 

In other words, will approx. 25 countries with a corporate tax rate of less than 12% embrace Yellen?

Of course not! However, it would be interesting to see how the G20 would force said 25 Tax Havens to raise their rates.

In addition, Yellen is a very powerful woman.....thus, in reference to Barbados who wouldn't want to cooperate, one phone call to Powell, and this Island will start to sink.

 

Right phoooken here;

How Fortune 500 Companies Avoid Paying Income Tax

https://www.investopedia.com/news/how-fortune-500-companies-avoid-paying-income-tax/

 

I did. I pulled the data directly from the bill and GBO findings. Where are you pulling your data from?

 

Yes we have.
During the Trump presidency it was always just 2 weeks away.
So we saw it about every 2 weeks.

 

American administrations come and go. With Ancient Joe as effectively a one term President, no way he would get this even into the planning stages.

 

OK. I'll change my description of your post from funny to sad. Better?

 

Whatever makes you feel better bub.

 

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Edomite