They wanted multi cultures. That's what happen when you bring in people who don't know how to contribute to a first world country but instead ask 908725t3809532908 requests to turn a 1st world country in the shithole they came from.

This is a good thing. Having these huge population areas that artificially increase property value and make living in the area difficult or impossible is something that needs to be done away with.

But probably just means the issue will be brought somewhere else cause all the highly skilled workforce will just go somewhere else and repeat the same process.

And then automation will compound on this and make those less skilled or employable less useful or useless and end up with more statistics of despair.

As usual, it a bad solution for stopping tax haven crooks.

Companies that set up in locations with low taxes, should have to pay and import tax to the country they came from, to sell in that country.
This way there's no advantage to moving operations to low tax countries.

Further, it avoids the dangers of "global decision making", where countries with say a 100th the GDP, of a country like the US, get an equal vote.
That is a recipe for disaster.

G20 will not adopt this.

This post was edited by Ghot on Jun 7 2021 09:19am

wait, so you are saying you don't accept the EC now?

Why don't you guys become your own boss instead of making someone else rich? Don't pay tax and keep your $. Invest it in crypto and keep it afloat until you need to cash it out. There's many way to cash in without leaving trace and paying tax.

Either way, fuck them.

This post was edited by SunnyvaleTrailerPark on Jun 7 2021 10:14am

i am happy enough being an employee if the pay and time investment are good, but i will make use of being location independent in a no income tax country

preparations are running on all cylinders and i am already funneling all my cash into crypto through an offshore bank account

especially in europe there are so many thinking about getting out, states can tax as much as they want, it wont stop the brain drain

I'm wondering what it entails.. there not much info with quick google searches. I mean: On paper it's only a few percent for the lowest corp tax in the g7/20: (They don't a have national representatives in these talks, small point for Calipso)
Ireland 12.5%
Cyprus 12.5%
Bulgaria 10%
Hungary 9%

All other 50ish countries have higher corp taxes. But that story becomes shadier with the largest multinationals, making deals with governments across borders, having different laws for especially deductibles on taxation. Just making the a minimum of 15% post deduction, is a completely different story.

The "another measure" actually seems more relevant at first glance ?

Tax would apply to any company which is doing tax evasion. It's a massive change: 15% is really big and it could be more later.
I hardly see politics going backward on that now. Ofc there will be some kind of negociations, but globally it's just a massive amount of money.

This post was edited by Saucisson6000 on Jun 7 2021 04:18pm

Taxation of multinationals: the OECD agrees on an agreement for a minimum rate of 15%
More than 100 countries have participated in the agreement, but Ireland and Hungary have decided not to join.

"A historic day for economic diplomacy." One hundred and thirty countries reached an agreement on Thursday July 1 on a reform of the taxation of multinationals, including the establishment of a minimum tax on profits "of at least 15%", announced the Cooperation Organization and economic development (OECD). A small group of states, including Ireland and Hungary, very reluctant to the proposed agreement that was under negotiation, did not sign the declaration reached today.

The joint declaration, which is based on the agreement reached at the G7 at the beginning of June, also provides for a "more equitable" distribution of the profits between the countries where the head offices of the companies are located and those where they actually carry out their activity, even without physical presence. This component particularly targets digital giants like Google and Facebook. The participants in the negotiations have given themselves until next October to "complete the technical work" and to prepare "an effective implementation plan in 2023".

US Treasury Secretary Janet Yellen hailed "a historic day for economic diplomacy", while her German counterpart, Olaf Scholz, spoke of a "colossal step towards greater tax justice". For the French Minister of the Economy, Bruno Le Maire, this is "the most important international tax agreement concluded for a century".

~130 countries.

This post was edited by Saucisson6000 on Jul 1 2021 12:33pm

Of course Donald Trump wanted to keep the oligarchy strong.