RSS BotMB to Hacker NewsEnglish · 26 days agoG7 agrees to exempt U.S. multinationals from global minimum taxwww.thehindu.comexternal-linkmessage-square6fedilinkarrow-up130arrow-down10file-text
arrow-up130arrow-down1external-linkG7 agrees to exempt U.S. multinationals from global minimum taxwww.thehindu.comRSS BotMB to Hacker NewsEnglish · 26 days agomessage-square6fedilinkfile-text
minus-squarevatlark@lemmy.worldlinkfedilinkEnglisharrow-up24·26 days agoI was really optimistic about this tax, but if one of the largest economies gets an exemption then it kinda defeats the point. https://wikipedia.org/wiki/Global_minimum_corporate_tax_rate
minus-squareWhatAmLemmy@lemmy.worldlinkfedilinkEnglisharrow-up19·26 days agoIf anyone gets an exemption it defeats the point. Loopholes for the wealthy is the point of most tax law.
I was really optimistic about this tax, but if one of the largest economies gets an exemption then it kinda defeats the point.
https://wikipedia.org/wiki/Global_minimum_corporate_tax_rate
If anyone gets an exemption it defeats the point.
Loopholes for the wealthy is the point of most tax law.