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A comment on G7: Rich nations back deal to tax multinationals. Parent comment

Re:G7: Rich nations back deal to tax multinationals by rmah on Saturday June 05, 2021 @01:18PM (#27406846)
[edit] "all but the four largest"... my bad, I misread. Not sure why comparing mega-corps to small nations has much value though.

Not sure where you got your info, but I'm afraid it seems inaccurate. The total wealth of the four largest EU nations, as of 2019, are as follows:

    Germany: $14.7T
    UK: $14.3T
    France: $13.7T
    Italy: $11.37T
Just FYI, the three wealthiest nations are: the US at $106T, China at $64T, and Japan at $25T.

This info is from a Credit Suisse report and is widely cited (https://en.wikipedia.org/wiki/List_of_countries_by_total_wea..., https://www.visualcapitalist.com/all-of-the-worlds-wealth-in..., etc).

By digging a bit into the US data, those numbers are, if anything conservative. According to the US Federal Reserve Bank, in 2014, the US had total assets of $270T and total liabilities of $146T for a net worth of $124T.

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Re:G7: Rich nations back deal to tax multinationals by ben_w on Saturday June 05, 2021 @04:21PM (#27408178)
> my bad, I misread. Not sure why comparing mega-corps to small nations has much value though.

No worries, it happens to all of us from time to time :)

As for why… the context is just that EU motivation was being discussed.

(Otherwise I would’ve said something like “Those three companies combined are valued more highly than the entire continent of Africa!”)

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Re:G7: Rich nations back deal to tax multinationals by hutzlibu on Saturday June 05, 2021 @01:21PM (#27406883)
" of all but the four largest "

So those 4 not included.

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Re:G7: Rich nations back deal to tax multinationals by ben_w on Saturday June 05, 2021 @01:31PM (#27406969)
Was about to say much the same; as the UK isn’t in the EU, Spain was in the other country in my not-included-four.
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