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A comment on U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting Overseas. Parent comment

Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by gher-shyu3i on Monday May 24, 2021 @01:58PM (#27267595)
I agree with your sentiment overall.

> How does 30-50% of your take home not impact your "overall well being"?

How do you respond to the claim that if income and other taxes were lower, then everything would go up in price to compensate for the extra liquidity in the market?

[ Parent | on HN ]
Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by zionic on Monday May 24, 2021 @02:06PM (#27267691)
Perhaps initially, but the additional demand would drive economic expansion via demand for more workers to fill said demand no?
[ Parent | on HN ]