tag:blogger.com,1999:blog-4102429195693595750.post5687422135681972938..comments2024-03-22T05:15:17.042+02:00Comments on Sudden Debt: A Chart That Keeps Yellen Awake At NightsHellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4102429195693595750.post-6685474422518262652021-06-21T18:11:43.254+03:002021-06-21T18:11:43.254+03:00to be fair, I really dun see how it can work witho...to be fair, I really dun see how it can work without massive interference into a countries internal affairs that no one will tolerate... however, without that, a country could simply pretend to tax a company then give the money back through the backdoor... <br /><br />is the US really going to get involved in every deal? Maybe it could do something like that in places like Panama... but how about Korea, Indonesia, Taiwan, Switzerland, and of course China...a kind of chickenhttps://www.blogger.com/profile/17973151064533654331noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-1623395153710837952021-06-21T17:24:39.948+03:002021-06-21T17:24:39.948+03:00Large countries still have massive clout over corp...Large countries still have massive clout over corporations, if and when they wish to exercise it. You really don’t want to have the FBI, IRS or the Justice Dept. after you, no matter where you are incorporated.<br /><br />I believe recouping some of the massive COVID costs is a top priority for every country, so they will coordinate their policies. Smaller countries will just have to play ball.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-35064988386196664022021-06-21T15:13:05.560+03:002021-06-21T15:13:05.560+03:00you have touched the key point... for it to work, ...you have touched the key point... for it to work, they have to impose punishment on any company that does not comply, even foreign registered ones... this breaks the unspoken rule that has kept the peace since Westphalia, non interference in internal affairs.... the ground is truly shifting under our feet...a kind of chickenhttps://www.blogger.com/profile/17973151064533654331noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-77586441631773625302021-06-21T08:03:49.431+03:002021-06-21T08:03:49.431+03:00Corporations will just migrate to countries not wi...Corporations will just migrate to countries not willing to abide by the global tax... no?camabronhttps://www.blogger.com/profile/10024146459457965038noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-2100330093413696002021-06-20T21:54:25.427+03:002021-06-20T21:54:25.427+03:00It is very very rare for the G7 to agree on someth...It is very very rare for the G7 to agree on something like this, so I think they really mean to do it. After all, they all face huge debts from handling COVID. Big global corporations will have to swallow it, or face even tougher taxes. After all, 15% is a joke…way too low.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-14833272756054787232021-06-20T17:07:42.724+03:002021-06-20T17:07:42.724+03:00interesting point abt the G7 tax... the gossip (of...interesting point abt the G7 tax... the gossip (of us, the very ill informed) is that there is no way they will be able to get everyone to work together on it... especially not if the corporations intend to oppose it... do you know something about that?a kind of chickenhttps://www.blogger.com/profile/17973151064533654331noreply@blogger.com