News for hackers. Stuff that matters.

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 ginko on Thursday July 01, 2021 @04:14PM (#27704141)
How is weakening the state a good thing?
[ Parent | on HN ]
Re:Global minimum corporate tax: 130 nations to support U.S.... by jeofken on Thursday July 01, 2021 @04:47PM (#27704624)
State leaders have no incentive to create value, but rather to keep power.

Companies must create valuable things people want, or be out of business in a very short time.

[ Parent | on HN ]
Re:Global minimum corporate tax: 130 nations to support U.S.... by ginko on Thursday July 01, 2021 @04:50PM (#27704662)
State leaders have an incentive to get reelected. Companies are only beholden to their shareholders which represent a tiny fraction of the population.
[ Parent | on HN ]
Re:Global minimum corporate tax: 130 nations to support U.S.... by jlokier on Thursday July 01, 2021 @08:35PM (#27706660)
Companies are also beholden to their customers. For all its faults, that does result in some good products.
[ Parent | on HN ]