News for hackers. Stuff that matters.
Re:Biggest companies pay the least tax, shows new research by WalterBright on Sunday April 05, 2020 @08:39PM (#22789975)
It would give a huge advantage to foreign companies. It would strongly discourage investment in US companies.
Re:Biggest companies pay the least tax, shows new research by triceratops on Monday April 06, 2020 @01:32AM (#22791130)
Please read my comment again. It would apply to every corporation doing business in the US. Regardless of where they're headquartered. And any corp of significance has to do business in the US - it's the largest market in the world.
Re:Biggest companies pay the least tax, shows new research by nickpp on Monday April 06, 2020 @12:23PM (#22795027)
Then wouldn’t other countries immediately retaliate with the exact same tax, but applied to American companies doing business in those countries?
Re:Biggest companies pay the least tax, shows new research by triceratops on Monday April 06, 2020 @05:49PM (#22798246)
True. But they'd also have to raise their tax rates to American rates, for the taxes to have any effect.