- Aug 20, 2009
- Reaction score
Actually, the proposal is simply Democrats' wishful thinking and political positioning. If the global min tax is 1%, we will just lower our current tax rate by 1% to cover this increase.
If a "global min tax" did materialize, I don't think they would be that stupid to allow signatories(ie those who signed the agreement) to just suka suka change like that. It would likely come with many "safeguards"(eg no indirect methods such as extra tax reliefs to offset it) to prevent such circumventions.
For all of trump's supposed "destructive" trade practices, the dems aren't exactly showing themselves to be better with such a ham-fisted approach by trying to dictate the corporate tax rates of other countries.