Users Online Now:
1,293
(
Who's On?
)
Visitors Today:
69,989
Pageviews Today:
111,392
Threads Today:
52
Posts Today:
699
01:13 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
I don't remember voting for this... Global Tax coming
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 80976164:MV80OTI2NTUxXzkwMDUxNzI3Xzk5QThERUYy] [quote:J3:MV80OTI2NTUxX0YzRjI1RjFE] were headed back to serfdom. World leaders reach landmark deal on a global corporate tax rate https://www.cnbc.com/2021/10/08/oecd-reaches-deal-on-corporate-tax-after-ireland-agrees.html [/quote] 15% minimum corporate tax rate across the board worldwide. Taxes must be paid in jurisdiction where business operates, not just where HQ is. I'm not really in favor of higher taxes in general, but this would be a step towards equalizing the playing field for domestics and small to medium businesses. As it stands now, it is extremely difficult for a small retailer to remain in the market. Large corps can take advantage of international tax loopholes that allow them to offset operating costs which enables them to offer lower prices. Small and medium businesses don't have the ability to take advantage of this and therefore cannot price competitively. A 15% reduction in operating costs could comprise half of a small business' inventory costs, so it's quite a big deal. In the end, it will mean higher prices for consumers. This isn't the only area that needs to be addressed, though. From a business perspective, it's also difficult to compete with international sellers who get direct access to the production markets and are then able to ship products internationally at a fraction of the cost a US seller would have to pay. Maybe the government is finally seeing the precarious position most small businesses are in now that the Covid shutdowns killed 50% of all US small businesses. [/quote]
Original Message
were headed back to serfdom.
World leaders reach landmark deal on a global corporate tax rate
[
link to www.cnbc.com (secure)
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>