Joe Biden's Presidency

[Eyes Wide Open + 3,554]

Uh ohh...the globalist agenda is taking wings. geo politics are finally merging...

US Treasury proposes 15 percent global minimum corporate tax rate

The Biden administration hopes the move will end competition to lure companies to countries with low tax rates, which ends up eroding government coffers.

https://www.aljazeera.com/economy/2021/5/20/us-treasury-proposes-15-percent-global-minimum-corporate-tax-rate

 

The U.S. has proposed that countries agree to a 15% global minimum corporate tax in international negotiations aimed at ending competition to lure companies through cheap rates, which then end up eroding government revenues.

“It is imperative to work multilaterally to end the pressures of corporate tax competition and corporate tax base erosion,” the Treasury Department said in a statement Thursday. “Treasury underscored that 15% is a floor and that discussions should continue to be ambitious and push that rate higher.”

[Dan Warnick + 6,100]

On 5/21/2021 at 11:47 AM, Eyes Wide Open said:

Uh ohh...the globalist agenda is taking wings. geo politics are finally merging...

US Treasury proposes 15 percent global minimum corporate tax rate

The Biden administration hopes the move will end competition to lure companies to countries with low tax rates, which ends up eroding government coffers.

https://www.aljazeera.com/economy/2021/5/20/us-treasury-proposes-15-percent-global-minimum-corporate-tax-rate

 

The U.S. has proposed that countries agree to a 15% global minimum corporate tax in international negotiations aimed at ending competition to lure companies through cheap rates, which then end up eroding government revenues.

“It is imperative to work multilaterally to end the pressures of corporate tax competition and corporate tax base erosion,” the Treasury Department said in a statement Thursday. “Treasury underscored that 15% is a floor and that discussions should continue to be ambitious and push that rate higher.”

It will be telling to see if this takes hold among the international governmental and corporate community.  If what I've read about the issues of intertwining governmental and corporate financial interests are accurate to any degree, they might just make this part of the new strategies to strengthen, not lessen, those ties.  And it could be a building block to full digital currencies, etc. etc. etc.

[Eyes Wide Open + 3,554]

42 minutes ago, Dan Warnick said:

It will be telling to see if this takes hold among the international governmental and corporate community.  If what I've read about the issues of intertwining governmental and corporate financial interests are accurate to any degree, they might just make this part of the new strategies to strengthen, not lessen, those ties.  And it could be a building block to full digital currencies, etc. etc. etc.

One only has to look at the centralized message coming from corporate media, this plan moves forward.