Monday, November 01, 2021

G20 leaders endorse global minimum corporate tax deal for 2023 start

This is very dangerous stuff! When simple minded and naive politicians come together to concoct a global corporate minimum tax! What is next? This is an enormous power grab of pretentious politicians! When government omnipotence defeats common sense!

This is a similar kind of arrogance of power we have to suffered for more than  18 months in form of draconian, dictatorial measures to deal with a relatively harmless global pandemic compared to plagues of the past! As much as this was motivated by government paternalism it differs!

Businesses do not pay taxes! It is consumers, owners etc.!
This ill-guided effort has the potential to cause a global recession!

"An unlimited power to tax involves, necessarily, a power to destroy" (McCulloch v. Maryland 1819)! 

G20 leaders endorse global minimum corporate tax deal for 2023 start | Reuters

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