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Germany approves global minimum corporate tax (www.reuters.com)

submitted 10 months ago by [email protected] to c/[email protected]

18 comments fedilink hide all child comments

Multinational firms will have to pay a minimum of 15% tax on all of the profits they make worldwide, regardless of where the profits are generated.

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[–] [email protected] 3 points 10 months ago (1 children)

What will realistically happen?

Nothing. Companies will just spend a hair more money finding ways to circumvent the new taxes. And, if the new taxes were not easily circumvented- they would just relocate the company to another country with lower taxes.

In the end, the consumer is paying the taxes, and not the company itself, either way.

[–] [email protected] 17 points 10 months ago

"what's the point of introducing new taxes against the rich? They'll just find ways to avoid it so let's just not do anything that might harm their profit margins or else it'll make the poor even poorer"

Then wtf is the solution? Everybody says this whenever higher taxes for corporations and the rich is brought up, that they'll just find new ways to avoid touching their precious profits. Should everyone just collectively do nothing because "they'll find ways to avoid it so why bother"

This defeatist attitude pisses me off, something needs to be done to curb this bullshit. Literally no one needs or deserves hundreds of millions, let alone billions of dollars, and this cancerous "profits must go up every year or your company is a failure" needs to fucking die already. Why do companies making hundreds of millions to billions of dollars in profit need more fucking money? Why can't being rich af and literally not being able to spend your net worth in a single lifetime be enough?

We went from 1 salary at a factory being enough to raise a family, buy a house, buy a car, and go for a yearly vacation being normal to even 2 highly educated people working together and sharing expenses barely being able to afford a fucking house. Now the average person is expected to give a giant portion of their monthly earnings to pay off some parasitic landlords mortgage plus some profit for the "trouble" of being a fucking parasite.

Eat the fucking rich. Enough is enough.