doubt this works. far too much incentive to defect https://twitter.com/Breaking911/status/1379212426969804800 …
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watch oecd set corp tax rate at 50% and guernsey comes in and welp
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Have You Tried Not Having Tax Systems That Have High Elasticities?
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What's the alternative, just let corps not pay taxes?
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I feel like they could accomplish the goal better by forcing companies that hire US workers to have a taxable US-domiciled subsidiary/corp presence of some sort. And to prevent offshoring, trade protections. Basically it'll resolve to reinvented mercantilism.
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If you actually wanted to do this you'd have to combine it with some kind of tariff against any corporation that operates in a company with a lower tax rate. That's probably what we're going to have to do with carbon taxes long-run as well
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did somebody say.... buy bitcoin? :)
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It's foremost a means of propaganda. Get the cattle on board with blood-soaked foreign interventionism in the name of progressive globohomo values. They've been stacking up the reasons for a while now, "democracy", "women's rights", "racial equity", etc.
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the waste of time is the point i think
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More steps might be the point. Regulators and bureaucrats are never going to push for anything that makes them less of a sword of Damocles
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