G7: Rich nations back deal to tax multinationals

Re:G7: Rich nations back deal to tax multinationals by odiroot on Saturday June 05, 2021 @11:02AM (#27405628)

> If you’re going down this route, many will argue that all forms of income tax are equally “wrong”.

I frequently come to a conclusion personal income tax should be abolished as it punishes work.

CIT, VAT, capital gains and inheritance taxes should be enough to sustain a budget. These are all unrelated to performed work.

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Re:G7: Rich nations back deal to tax multinationals by daveFNbuck on Saturday June 05, 2021 @11:27AM (#27405832)

Why is punishing adding value not wrong? Isn't adding value a good thing?

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Re:G7: Rich nations back deal to tax multinationals by relaxing on Saturday June 05, 2021 @11:44AM (#27405979)

I frequently come to the conclusion that personal grocery bills should be free, as charging for food punishes existing.

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Re:G7: Rich nations back deal to tax multinationals by mjmahone17 on Saturday June 05, 2021 @01:45PM (#27407099)

Yes that sounds right: everyone should probably be given a ration for a guaranteed allotment food each month. In NYC during the pandemic they opened up free meals for everyone, regardless of income. A society where enough food is provided by default seems like a more humane society to me.

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Re:G7: Rich nations back deal to tax multinationals by closeparen on Saturday June 05, 2021 @12:32PM (#27406425)

Groceries are exempt from sales tax.

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Re:G7: Rich nations back deal to tax multinationals by Ericson2314 on Saturday June 05, 2021 @12:23PM (#27406338)

I mean, socialism for basic needs and capitalism for status symbols is a pretty nice system. No problem doling out status symbols for productivity improvements which benefit basic needs production.

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Re:G7: Rich nations back deal to tax multinationals by 542458 on Saturday June 05, 2021 @11:18AM (#27405762)

I was under the impression that CITs were far, far more distortionary than well structured progressive PITs.

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