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A comment on Global minimum corporate tax: 130 nations to support U.S. proposal. Parent comment

Re:Global minimum corporate tax: 130 nations to support U.S.... by axlee on Thursday July 01, 2021 @03:44PM (#27703665)
colluding: to act together secretly or illegally in order to deceive or cheat someone.

And please: capital flight being the results of abusive policy? Corporations and wealthy individuals will always try to avoid giving the fair share to the society that enabled their wealth in the first place: the case where wealth moves because of abusive policies is so marginal in the ocean of pure greed. Some countries are fiscal parasites and benefit from the theft of other societies, and this is how we deal with parasites. Should we just watch wealth evaporate away to offshore stashes, wealth that actually belongs to the people?

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Re:Global minimum corporate tax: 130 nations to support U.S.... by dane-pgp on Thursday July 01, 2021 @04:16PM (#27704167)
> wealthy individuals will always try to avoid giving the fair share to the society

Given that the median US household pays about $10k in taxes per year, and has a net worth of about $120k, perhaps we also need a global minimum wealth tax of say 8% per year, with a tax free allowance on the first $100m of net worth.

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Re:Global minimum corporate tax: 130 nations to support U.S.... by djbebs on Thursday July 01, 2021 @05:46PM (#27705287)
Rich people are the only ones paying anything at all. If that's not paying their fair share, how are the 50% of people who don't pay any income taxes at all paying their fair share?
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Re:Global minimum corporate tax: 130 nations to support U.S.... by axlee on Thursday July 01, 2021 @05:58PM (#27705421)
Poor people pay a lot more taxes overall in relation to their wealth and income than the extra-rich. We have a regressive tax system.
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Re:Global minimum corporate tax: 130 nations to support U.S.... by refurb on Thursday July 01, 2021 @08:09PM (#27706479)
How do you pay more when the rate is 0% for the bottom 40%?
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Re:Global minimum corporate tax: 130 nations to support U.S.... by 8note on Thursday July 01, 2021 @09:15PM (#27706882)
There are taxes other than income taxes
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Re:Global minimum corporate tax: 130 nations to support U.S.... by refurb on Thursday July 01, 2021 @09:58PM (#27707125)
Enough to offset the EITC? Most low income folks pay a negative tax rate.
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Re:Global minimum corporate tax: 130 nations to support U.S.... by medvezhenok on Friday July 02, 2021 @10:32AM (#27712016)
I would consider also consider basic rent & food as sort of a "survival tax" if you will, and count it into the equation.

The only useful number is not % tax difference between rich & poor, but % leftover for discretionary spending.

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Re:Global minimum corporate tax: 130 nations to support U.S.... by refurb on Friday July 02, 2021 @12:35PM (#27713732)
You might consider those taxes but nobody else does.
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Re:Global minimum corporate tax: 130 nations to support U.S.... by robertlagrant on Thursday July 01, 2021 @04:40PM (#27704512)
The fair share is defined by tax law. It's not some additional amount.
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Re:Global minimum corporate tax: 130 nations to support U.S.... by dantheman on Thursday July 01, 2021 @05:24PM (#27705072)
Notice how fair share is never actually stated...

How much of your time should you be forced to devote to others - the majority of government spending is on social programs. 1 day a week, 2 days a week?

What's the fair share? I'd say it's actually far lower than current tax rates.

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