ronwagn

World leaders reach landmark deal on a global corporate tax rate

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I believe this is an attempt to get rid of tax havens around the world. If that is correct it would be great not to be able to hide money. In the US alone it is estimated over 400 billion plus in taxes that are owed that are not paid. This has gone on for decades. We’re 28 billion in debt. Obviously defrauding the US government requires global cooperation. The signing by 140 countries shows they have similar issues with tax fraud.

Is there teeth to make it work? I dought it. It’s a pleasant surprise to see an attempt though.

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