This proposal has a lot of merit but until the details come out in the wash, I’m sceptical this is the right solution. I’m not immediately distrustful of US proposals but this seems disproportionately skewed in their favour with little gain for the rest. Time will tell. 20%?
Multinational corporations need to pay their fair share of taxes and the @G7 has just outlined a path to make this possible. This is good news for Canadians and Canadian businesses, and will ensure a fair and level playing field for them in the global economy.https://twitter.com/SecYellen/status/1401140688952102912 …
-
-
-
More details in this thread from our friends the Brits.https://twitter.com/RishiSunak/status/1401133898847948803?s=20 …
0:53
At the @G7 in London today, my finance counterparts and I have come to a historic agreement on global tax reform requiring the largest multinational tech giants to pay their fair share of tax in the UK.
The thread below explains exactly what this means. #G7UK pic.twitter.com/HdcK1HuM91Show this thread
End of conversation
New conversation -
-
-
15%...robust... :( does this include taxing those off shore accounts?
-
That’s corporate tax though. 15% is fairly comparable to many federal corporate tax rates. And since the law demands companies pay taxes in countries where they do business (not just where they’re based) yeah they are closing tax shelter loopholes . This is good news.
End of conversation
New conversation -
-
-
15% seems low?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
And so do religious institutions. Far overdue on giving them a free ride.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I hope to see this happen in my lifetime. We are literally being assaulted economically by billionaires.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@cafreeland fairly taxing corporations is long overdue and our futures depend on it. It’s your generation of MPs that’s going to set the course for the next hundred years. Please don’t allow the middle class to disappear on your watch.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
That's a great start for having a level play field! Also promote local economy and trade within G7. It would be great to put a sticker on goods showing where they are made. Smth like, "Made in Canada 60%, U.S. 30%, Germany 10%". Would sure impact my buying decisions.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Multinationals are using our resources including human resources to create wealth for their worldwide shareholders and need to contribute to the prosperity of their benefactors.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.