Opinion: Shed no tears for the floundering global tax cartel
Implementing a global tax cartel is hard. This lesson is being learned by the bureaucrats who dreamt up an effort to prevent businesses from taking advantage of the fact that some countries impose lower taxes than do other countries.
Unfortunately, high-tax nations are always starving for more revenue, and their leaders — frustrated by the tax competition that deprives them of tax receipts they consider to be theirs — see things differently. Thankfully, so far, the overhaul hasn’t been implemented. According to a report in the Wall Street Journal, “Negotiators in the group of countries that signed up in October had hoped to finalize the rules for the Pillar One shifts in tax revenues this month but have now given themselves an additional year.” The global minimum tax is facing some objections too. Neither the United States nor the EU have passed legislation to implement it.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The DEWALT Prime Day deals stock your tool shed and save you big bucksSave big with the DEWALT Prime Day deals and your tool bench will be filled with so much you'll need for around the house.
Consulte Mais informação »
6-year-old boy recovering from alligator biteGavin was taken to the hospital for treatment, but his mom said he didn’t even shed a tear.
Consulte Mais informação »
Amy Coney Barrett Is In Over Her HeadEven as her votes enabled the court’s hard-right turn, the newest justice has floundered on the intellectual sidelines.
Consulte Mais informação »
Joseph Quinn Cries as He's Complimented on His Long Fan InteractionsStrangerThings star Joseph Quinn was moved to tears when a fan complimented him at London Film & Comic Con.
Consulte Mais informação »
We took money from losing 529 plans to buy a car. Is it taxable?The profit in an account is what may be subject to tax.
Consulte Mais informação »