When politicians driven by primitive instincts, naivete, and false ideologies decide on major tax policies! Besides SARS-CoV-2, another virus is spreading far and wide and it is mostly affecting politicians, the stupidity virus!
This is a shocking and disturbing development when so many politicians unite behind such a folly! It reminds one of the prolonged draconian measures taken during the Covid-19 global pandemic! We may well have entered an era of authoritarianism affecting Western countries.
Corporations do not pay taxes, they only pass it on! Higher taxed corporations higher less and invest less etc.
This global minimum tax is a mirage!
"Nearly 140 countries agreed Friday to the most sweeping overhaul of global tax rules in a century, a move that aims to curtail tax avoidance by multinational corporations and raise additional tax revenue of as much as $150 billion annually.
But the accord, which is a decade in the making, now must be implemented by the signatories, a path that is likely to be far from smooth, including in a closely divided U.S. Congress. ..."
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