144 nations favor a minimum tax of 15% on corporate profits
Wonder how those corporations are going to squeeze their production factories onto those tax-haven islands in the Caymans and Guernseys.
80-89, M
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redredred · M
Do you know that irrespective of tax law or tax policy the US has never been able to collect more than 19% of GNP. Tax revenues are almost always right around 19%.
It’s almost like the blithering idiots in Congress who write tax law are somehow not as smart as the highly trained CPAs who comply with the laws as written.
It’s almost like the blithering idiots in Congress who write tax law are somehow not as smart as the highly trained CPAs who comply with the laws as written.
redredred · M
@dancingtongue it’s more a matter of which congressional friends are benefitting at the expense of others. Members of Congress are for sale in each session and sometimes it’s one industry and then another. The net revenues don’t change much