U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting Overseas

Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by dnautics on Monday May 24, 2021 @01:32PM (#27267248)

This is all just because we are afraid of the T word. A uniform tariff and matching currency export control achieves the same effect, and doesn't impose US hegemony on the rest of the wrold.

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Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by onlyrealcuzzo on Monday May 24, 2021 @01:38PM (#27267322)

So instead of actually fixing the problem - we should just hope that our government arbitrarily applies Tariffs to the right companies in the right amounts?

Certainly that won't ever be abused to screw over one company and benefit another for political purposes, right?

And, seemingly, a tax authority (the IRS) would be better equipped to calculate these amounts anyway.

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Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by dnautics on Monday May 24, 2021 @09:11PM (#27271614)

> arbitrarily applies Tariffs

Nope. A blanket tariff that applies to everything equally.

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Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by PEJOE on Monday May 24, 2021 @01:38PM (#27267321)

Sure, but both of those will have other, potentially unwanted consequences. Besides, this isn't just "US hegemony," most of the EU wants this as well (except Ireland), as they want to tax the local profits of multinational tech.

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Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by suifbwish on Monday May 24, 2021 @05:20PM (#27269860)

How does cryptocurrency fit into currency export control exactly?

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