Germany approves global minimum corporate tax
Germany approves global minimum corporate tax
The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.
globalize this
That's the entire goal of this
Hurray! Now we just need the majority of other states, too. It's certainly a step towards a brighter future
Wouldn't you need effectively all states?
Well, sort of. There are plenty of laws that don't need to be accepted by all UN member states, in order to be effective.
If you get a majority of states, the UN can maybe make it official law for all UN member states. This opens up the possibility of international sanctions being placed on all states that don't follow the law.
Certainly, even if every rich guy and shady corp in the world placed their hidden wealth in your country; you might still want to be allowed to trade with other countries, and not have your government leaders jailed if they ever set foot outside of your borders
Y'all think this will get to the US as easy? I think it'll be fought tooth an nail by corporates and their pet politicians.
I think the US already signalled approval iirc. But I'm sure there will be ample loopholes.
Let's hope it gets passed here, too.
And a complete lack of enforcement.
"global"
Gotta start somewhere buddy. Rome wasn't built in a day.