Hmm... Can't deny I'm disappointed here.
Biden's still over par with canceling most of Trump's idiotic agenda (no, you're NOT leaving the WHO, to name just something) and handling the pandemic...
... But this isn't a small concession. Heck... Am I missing something? I thought this was one of Biden' s most prominent campaign promises.
EDIT: there's something odd about this timing. The OP sort of boo's out Biden, and I can see why.
But just today on my local news channel, one of the topics was about the G7 (basically the 7 richest countries) that signed a global accord regarding corporate taxes. More specifically that they agreed to not have it come below 15%. My local newspaper even added the following interesting bit (source:
https://www.standaard.be/cnt/dmf20210605_96050493):
De G7 zijn akkoord om de strijd tegen belastingontwijking op te voeren. Volgens de deal zullen Europese landen meer mogelijkheden krijgen om grote multinationals te belasten waar ze klanten hebben, en dus niet enkel in het land van hun hoofdkantoor. Veel bedrijven planten hun hoofdzetel namelijk in landen met lage belastingtarieven.
Daarnaast willen de G7 ook een wereldwijde vennootschapsbelasting van minstens 15 procent doorvoeren, om de race naar de bodem tussen verschillende landen tegen te gaan. Dit voorstel kwam van de Amerikanen, die aanvankelijk zelfs een tarief van 21 procent wilden.
Roughly translated by yours truly:
The G7 agree to crank up the battle against tax evasion. According to the deal European countries will have the possibility to tax multinations where they've got customers, so not just in the country of their main office. Many companies put their main seat in countries with low tax rates.
Aside this, the G7 want to introduce a global corporate tax of at least 15 procent, to stop the race to the bottom between different countries. This proposition came from the Americans, who initially even proposed a tarif of 21 percent.
So...what's the fucking play here?
It's obviously a good thing that at least a large chunk of the legal loopholes for tax evasion are being halted, but how do you combine that with this news? Especially the last bit?
I'd sort of understand that Biden (and the rest of world leaders) want to raise the bar to increase income but don't get above the bar to lose out to those limbo'ing a bit more, but why was Biden (and/or Janet Yellen) pushing for a 21% minimum when the video in OP sort of shows a direct 180° turn on that trajectory?
I don't like to compare against the previous guy, but at least Trump sort of consistently combined maliciousnes with incompetence, making the end result a mess we (well...non-US residents, at least
) learned to ignore or watch in a sort of bewildered glee ("okay...today he wants to buy Greenland. Am I supposed to laugh or cry at this news?").
This is...well...something actually
important. Which makes this local news in the US also world news...
Vote Democrat vote Republican nothing changes
Erm... I get why you make this post, but let's not kid ourselves. You know damn well there's major differences, even when talking hyperbolically.
I'm willing to settle on 'the same bullshit policy, but at least it's not covered up by a daily slew of controversies'. You okay with that?
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