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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 jeofken on Thursday July 01, 2021 @04:45PM (#27704588)
Competition in economics is the incentive that has brought the majority of westerners from <$1/day to what we are today - with washing machines, cars, and water toilets no king could previously dream of.

Companies compete for shareholders by satisfying as many customers as possible. If states can compete for the best deal for international business, companies can better serve people, and those states can house centres of international trade.

It’s not just abstract talk, but incentives that drive us to live different everyday lives than people in guild-economy medieval times, or past slave economies, or how people lived in the GDR or other eastern bloc countries.

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Re:Global minimum corporate tax: 130 nations to support U.S.... by 3pt14159 on Thursday July 01, 2021 @05:40PM (#27705227)
The corporation that uses the roads and operates under the safety of the police and military of a country should not be paying some other country, it barely has anything to do with, a lower tax due to some accounting shenanigans.
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Re:Global minimum corporate tax: 130 nations to support U.S.... by jhrmnn on Thursday July 01, 2021 @05:07PM (#27704889)
> serve people

You wanted to write “shareholders”, right?

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