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

Discussion in 'Current Events' started by Steve N, Apr 5, 2021.

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  1. Bearack

    Bearack Well-Known Member

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    Bearack, Apr 7, 2021
    #101
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  2. rahl

    rahl Banned

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    post the actual ruling from the judge, not a right wing rag opinion piece.

    Also, how is this relevant to.......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
     
    rahl, Apr 7, 2021
    #102
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  3. Bearack

    Bearack Well-Known Member

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    Did the state supreme court rule on the illegal actions there? Wisconsin did!

    http://www.courthousenews.com/wp-content/uploads/2020/03/20ap557-SC-order-3.31.20.pdf
     
    Bearack, Apr 7, 2021
    #103
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  4. Bullseye

    Bullseye Well-Known Member

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    Then you did a poor job of it or deliberately skipped the pork and GND wishlist items.
     
    Bullseye, Apr 7, 2021
    #104
  5. Bullseye

    Bullseye Well-Known Member

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    Apparently. Probably dems that wrote the tax previsions the companies are using to avoid taxes.
     
    Bullseye, Apr 7, 2021
    #105
  6. Bullseye

    Bullseye Well-Known Member

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    I still have no idea what your point is. Increasing tax revenues is a good thing, right?
     
    Bullseye, Apr 7, 2021
    #106
  7. Bullseye

    Bullseye Well-Known Member

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    Use the same mechanisms as the Paris Environment Accord (sarcasm alert)
     
    Bullseye, Apr 7, 2021
    #107
  8. cd8ed

    cd8ed Well-Known Member Past Donor

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    Again. I am not interested in your opinion. I am interested in quoted fact. Feel free to prove that only 5% of this bill goes towards infrastructure
     
    cd8ed, Apr 7, 2021
    #108
  9. mdrobster

    mdrobster Well-Known Member

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    You mean the Democrats trying to rectify the tax avoidance by Trump and bush jr for corporations
     
    mdrobster, Apr 7, 2021
    #109
  10. rahl

    rahl Banned

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    Thank you. The ruling is from march of 2020, and has nothing to do with the November 2020 election or anything being discussed.

    Now, maybe if I ask for the third time, you can tell me...........Do 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
     
    rahl, Apr 7, 2021
    #110
  11. Bullseye

    Bullseye Well-Known Member

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    LOL, the best you can offer is a team “what about”? Wanna bet a whole load of Dems, e.g. Bezos, Gates, etc. are using those “avoidance” shelters too? I wouldn’t doubt that Biden cartel uses them extensively.
     
    Bullseye, Apr 7, 2021
    #111
  12. hawgsalot

    hawgsalot Well-Known Member

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    The key point is they agreed and didn't follow through, that's the point. If you think other countries are going to help us out by raising corporate taxes then you will be sorely disappointed, or maybe some will be over joyed that America is once again drawing the short stick.
     
    Last edited: Apr 7, 2021
    hawgsalot, Apr 7, 2021
    #112
  13. hawgsalot

    hawgsalot Well-Known Member

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    Yeap right there #1 on the list is moving profits to foreign countries with LOWER CORP TAX RATES...Lower the rates and keep the taxes here.
    2nd is depreciation, you build to add more which more times than not more employees you get to depreciate that expansion for a period of time. You don't want more people getting jobs?
    3rd paying employees more by giving them stock options... you don't want employees earning more?
    4th tax breaks like environmental breaks for alternative energy...you don't want companies going green?

    Which one you want to eliminate????
     
    hawgsalot, Apr 7, 2021
    #113
  14. Par10

    Par10 Well-Known Member

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    In Biden's lunchtime speech he was saying that companies need to pay more so he wants to raise the rate from 21% to 28%. To defend that statement, he talked about all the companies that were paying $0 taxes.

    If my math is correct, $X profit * 0.21 = $0 => X=0
    $0 * 0.28 = $0

    I see no point in raising the rate other than to punish the companies that already are paying taxes while leaving the $0 companies still paying $0.
     
    Par10, Apr 7, 2021
    #114
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    Not if Biden has his way, why is he trying to muck it up?
     
    Bluesguy, Apr 7, 2021
    #115
  16. nopartisanbull

    nopartisanbull Well-Known Member

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    One mousetrap, and at least 10 evading LoopHOLES

    Eliminate evading loopholes, and reduce corportate tax rate to 15%, both domestic and foreign.
     
    nopartisanbull, Apr 7, 2021
    #116
  17. nopartisanbull

    nopartisanbull Well-Known Member

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    I don't get excited knowing that both growth and receipts were generated by Uncle Sam's credit card.
     
    Last edited: Apr 7, 2021
    nopartisanbull, Apr 7, 2021
    #117
  18. nopartisanbull

    nopartisanbull Well-Known Member

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    In reference to reforming Uncle Sam's Receipts, I'm not too sure what Biden and Yellen want to do......I'm still waiting for a proposed budget.

    As I stated, due to decades of globalization, we're in a Catch 22.

    U.S. MNE's are currently employing near 43 foreign workers, and their foreign production of goods equates to a $6 trillion GDP Economy.

    AND the reason why, per capita, the 15% corporate tax rate countries are collecting more corporate revenues than Uncle Sam, is due to the fact that their MNE's Tax Shifters are miniscule compared to ours. In other words, at a lower rate, they collect more corporate taxes because their businesses are more domestic based.
     
    Last edited: Apr 7, 2021
    nopartisanbull, Apr 7, 2021
    #118
  19. mdrobster

    mdrobster Well-Known Member

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    mdrobster, Apr 7, 2021
    #119
  20. Bullseye

    Bullseye Well-Known Member

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    Bullseye, Apr 7, 2021
    #120
  21. Bullseye

    Bullseye Well-Known Member

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    What mumbo-jumbo are your trying to sell?
     
    Bullseye, Apr 7, 2021
    #121
  22. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    Render unto Cesar what is Cesar's.

    The govt taxes currency. Taxes are never going down. Buy gold, trade gold, F 'Cesar's currency and F taxes.
     
    Last edited: Apr 7, 2021
    modernpaladin, Apr 7, 2021
    #122
  23. nopartisanbull

    nopartisanbull Well-Known Member

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    Reality!

    What was the total cost of our Q1 - Q4 V-shaped economy?

    [​IMG]
     
    Last edited: Apr 7, 2021
    nopartisanbull, Apr 7, 2021
    #123
  24. nopartisanbull

    nopartisanbull Well-Known Member

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    The cost of our Q2 - Q4 V shaped economy = $4 trillion

    Public debt as of March 30th, 2020........$17.554 Trillion
    Public debt as of Dec 31st, 2020..........$21.632 Trillion

    A difference of $4 trillion

    https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm

    FEB 2021 Income Tax Receipts, up 5% compared FEB 2020
    FEB 2021 Corporate Tax Receipts, up 19% compared to FEB 2020

    upload_2021-4-7_20-37-33.jpeg
     
    nopartisanbull, Apr 7, 2021
    #124
  25. Bullseye

    Bullseye Well-Known Member

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    Well, yeah, that’s the cost of the various relief bills.
     
    Bullseye, Apr 7, 2021
    #125
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