Biden convinces the entire world to back his tax plan

[TMSRetired]

Originally Posted by paracord

Exactly. It's like one of those lame "climate" accords.

These things do absolutely nothing but allow photo opps for politicians to pat themselves on the back and say they are "saving the world."

And for some reason liberals in the United States go ga ga over it.

That's why they keep doing it! Liberals think the rest of the world are angels and will do everything they say with good intentions and the USA is the worldwide villain. It's nuts!

Because the media told them that Joe is a winner and got the world to agree to his proposal.
You can see from some of these posts that these people have no clue on the details .... only that Joe won and now those big bad corporates will have to pay "their fair share".

These article make is seem like all countries will implement a 15% corporate tax rate....like by next week and everyone will be rolling in dough.

The average global corporate tax rate is about 23-24%.

This big 15% "win" has zero effect on those G* countries.
It's more like bullying those countries with low tax rates (Ireland) to raise them. But they are under no obligation to do so.



As they say.....

Better to remain silent and be thought a fool than to speak and remove all doubt
-Unknown

[illtaketwoplease]

Originally Posted by atltechdude

https://www.wsj.com/amp/articles/u-s...ax-11625153698

The power of constructively working with international partners for a change you want rather than insulting them to their face is thus illustrated.

A group of nations who are indebted beyond their ability to ever repay, and who's govt's don't make or produce anything and extract wealth from their citizens to pay for their cushy jobs, benefits and retirements, decide to collectively impose standard taxes on productive businesses and citizens.


Govt. is supposed to work for the people, not the other way around. These tax expenses are going to get passed along straight to the consumer - you dear reader. Next step may be the establishment and agreement of minimum commodity prices to support their debt habit.



This will end badly for everyone - including those who cheer this on.

[mateo45]

Originally Posted by TMSRetired

Because the media told them that Joe is a winner and got the world to agree to his proposal.
You can see from some of these posts that these people have no clue on the details .... only that Joe won and now those big bad corporates will have to pay "their fair share".

These article make is seem like all countries will implement a 15% corporate tax rate....like by next week and everyone will be rolling in dough.

The average global corporate tax rate is about 23-24%.

This big 15% "win" has zero effect on those G* countries.
It's more like bullying those countries with low tax rates (Ireland) to raise them. But they are under no obligation to do so.

As they say.....

Better to remain silent and be thought a fool than to speak and remove all doubt
-Unknown

BTW, whenever this kinda 'excuse' comes up, am always curious which particular 'media' we're talkin' about.... and whether that also includes the other 'usual suspects', like FOX News, the Blaze, Prager University, Breitbart, the (former) Rush Limbaugh Show, etc.?

[TMSRetired]

Originally Posted by mateo45

BTW, whenever this kinda 'excuse' comes up, am always curious which particular 'media' we're talkin' about.... and whether that also includes the other 'usual suspects', like FOX News, the Blaze, Prager University, Breitbart, the (former) Rush Limbaugh Show, etc.?

You think one side is truer than the other ????
Since you cited right leaning media I'm going to assume you are left leaning.

I did not call out any side in case you didn't realize. In the US I see D and R as two sides of the same dirty coin.

I read foreign news about the US and look for the actual source documents to figure out the real truth.


Do any of those articles point out that Joe wanted 21% ?
Do any of those articles point out why Joe wanted 21% ? (so he could raise the US rate to 28%)


Here's some wisdom:

The media will tell you what they want you to know.
And the bigger question is who is behind all this pushing this kind of propaganda on the people....not giving them all the facts and not reporting news "objectively" ?????

[Brave New World]

Originally Posted by paracord

Why in the hell would you want the United States to get a permission slip from other countries on domestic policy?

No other country has anyone's interests in mind but their own. Only someone extremely naive would think otherwise.

I totally agree - and I don't support all this one world government that is coming from the likes of the UN and EU.

The US should be free from such interference and should be able to decide on such matters itself.

[TMSRetired]

Originally Posted by Brave New World

I totally agree - and I don't support all this one world government that is coming from the likes of the UN and EU.

The US should be free from such interference and should be able to decide on such matters itself.

Biden is a globalist and it was his idea to push this at the G7 meeting. So this notion of "one world government" is a big part of Joe's platform......like it or not.

[mateo45]

Originally Posted by TMSRetired

You think one side is truer than the other ????
Since you cited right leaning media I'm going to assume you are left leaning.

I did not call out any side in case you didn't realize. In the US I see D and R as two sides of the same dirty coin.

I read foreign news about the US and look for the actual source documents to figure out the real truth.


Do any of those articles point out that Joe wanted 21% ?
Do any of those articles point out why Joe wanted 21% ? (so he could raise the US rate to 28%)


Here's some wisdom:

The media will tell you what they want you to know.
And the bigger question is who is behind all this pushing this kind of propaganda on the people....not giving them all the facts and not reporting news "objectively" ?????

Yeah, we know... blame the media, the media, the media! But the question is, which 'media' are you talking about? And since you're hostile towards Biden, does that mean you also get your 'information' from the same 'media' that tends to agree with your POV (like FOX News, et al)... or don't they 'influence' you too?

Though so far, sounds more like FOX & the rest simply hand out the latest 'talking points du jour' (usually ginned up by RW 'think tanks'), so the True Believers can then go find the 'facts' to validate it, and further 'spread the word' (kinda like they do here...)!

[Brave New World]

Originally Posted by TMSRetired

Biden is a globalist and it was his idea to push this at the G7 meeting. So this notion of "one world government" is a big part of Joe's platform......like it or not.

Estonia, Hungary and Ireland have rejected the plans meaning it can't be passed by the EU.

they have also argued that the minimum rate rule would contravene a 2006 ruling by the European Court of Justice that involved the confectionery company Cadbury Schweppes.

The ruling said basing subsidiaries of multinationals in lower tax regimes does not constitute tax avoidance.

Quite funny that Ireland were the one to boot the boot in to Biden's global tax plan. :

The US and EU are now at odds over a digital services levy, which the EU has said it's going to press ahead with despite US warning.

So low corporation taxes and tax havens can carry on, however we have a hole in our budget of 750 billion euros, so we are going to tax US Tech and Internet companies operating in Europe.

The US keeps giving these warnings to the EU but they don't take any notice, just look at Nord Stream 2 or the fact Germany will still be using Huawei in it's telecom system and has been instrumental in promoting Chinese trade and investment. As for Germany meeting the supposed NATO 2%, I would hold your breath, as they seem to prefer Russia and China to the US.