How Trump’s Tax Law Is Creating Clear Winners and Losers

Recommendable! I am glad that President Trump ended the green/solar power scam!

Trump's Declaration of Independence From International Taxation by the OECD to prevent a global corporate minimum tax

Good, but dated news! This very important Executive Order on the first day in office by President Trump was surely underreported and it escaped my attention.

Resist the global socialist central planners of the world!

"Among the sweeping executive actions of his first day in office, President Trump delivered a rightful blow to international attempts, stoked by the [46th President] Administration, to encroach on United States tax sovereignty. With a stroke of his pen, Trump made clear that any [46th President] Administration commitments to the scheme of the Organization for Economic Cooperation and Development (OECD) to institute a global tax regime are without legal effect.

Those commitments had been significant. At the heart of this matter is a Global Tax Code developed by the OECD that it claims received sign-off from 147 countries. Apparently, the [46th President] Administration forgot that only Congress may enact America’s laws as specified under our Constitution. ...

America’s Founding Fathers rebelled against taxation without representation. From this vantage point, acceding to the global tax initiative—cloaked in the guise of a “fair” minimum tax—was itself an egregious overreach. Today’s fight against the OECD is now a rejection of imperialism by foreign powers and unaccountable international bureaucrats, whom the [46th President] Administration aided and abetted. ...

The Global Tax Code’s “Pillar One,” which is still being negotiated, would redistribute taxing rights over profits to be based on the location of sales. OECD, threatens that this is the only way the United States can avoid aggressive “digital service taxes” (DSTs) imposed by other OECD countries, which themselves violate our tax and trade agreements. DSTs disproportionately target American companies while benefiting China. ..."

A Declaration of Independence From International Taxation "By rejecting even a ceasefire on the OECD’s Global Tax Code, the U.S. reaffirms its commitment to self-governance and the Constitution."

New buildings in Israel must have solar panels approved by socialist central planners

Bad news! Unfortunately, there is still too much socialism going on in Israel!

As if businesses could afford it! A form of hidden taxation or taxation by stealth!

New buildings must have solar panels - Globes "Israel's National Planning and Building Committee has approved new regulations requiring all new non-residential buildings and houses to install solar panels on their roofs."

Boston Mayor Wu rolls out 'emergency' plan to increase commercial tax rates

So many bad ideas!

"Mayor Michelle Wu is pushing for an emergency law that would raise commercial tax rates for five years."

"Mayor Michelle Wu rolled out an “emergency law” to allow Boston to begin increasing property taxes on businesses beyond the state limit next year, saying that residents could otherwise face higher …"

Boston Mayor Wu rolls out 'emergency' plan to increase commercial tax rates

Wu seeks to shift more tax burden onto commercial owners The proposal is meant to prevent a spike in residential tax bills due to declines in the values of offices and other commercial buildings. It must be approved by the state Legislature.

Boston Mayor Michelle Wu

President Trump's Tax Cuts Overachieved – and Tax Revenues Are Higher Than Without the Cut

This is part President Trump's great legacy!

"When Congress passed the 2017 tax cut legislation and former President Trump signed it ... Cutting the corporate income tax rate from 35 percent to 21 percent would increase firms’ incentive to invest because they would keep more of their profits. The tax cut brought the U.S. corporate tax rate much closer to that of other developed countries. ...
the United States would be more competitive in attracting investment. Because capital markets are global, capital can move quickly from one country to another, and the high U.S. tax rate was discouraging that movement to the United States. ..."

Yes, President Trump's Tax Cuts Overachieved – and Tax Revenues Are Higher Than Without the Cut | texasinsider | texasinsider.org Corporate tax revenues will hit a whopping $454 billion, even higher than without a tax cut.

Royal Dutch Shell decided to move its corporate headquarters and tax base to London from The Netherlands

This is big news! The Netherlands used to have a very business friendly reputation as a country! The Dutch have a reputation for being level headed when it comes to business.

"Royal Dutch Shell's decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige. read more

As the energy giant crosses the North Sea, it will shed "Royal Dutch" from its name, ending a link to the monarchy in the Netherlands that began when the Royal Dutch Petroleum Company was formed in 1890. ...
The Dutch government said it was "unpleasantly surprised" by the decision, as the country counts the cost of losing another Anglo-Dutch multinational to London after a similar move by consumer giant Unilever (ULVR.L) last year. ...
But it may raise other concerns about business in the Netherlands. Both Shell and Unilever had lobbied the Dutch government to scrap a dividend tax that Britain does not impose. ..."

Shell shake-up leaves Dutch royally hacked off

Credits: Shell verlässt die Niederlande und zieht nach London um