Global tax is complicated. A reprisal tariff regime would be way way way more complicated. The US doesn’t want to be in a position where it’s levying 50% tariffs on Guinness because Ireland’s corporate tax rate is 12.5%. How do you know that tariff is fair and would the WTO even recognize uneven tax rates as a sanctionable offense?
This is a carrot vs stick approach.
That’s exactly want this law is stopping. Companies will always try to reduce their tax burden which is why this initiative, a tax floor, is global. The law is an effective way of increasing the minimum tax - what you said doesn’t really apply.
I think this is moreso the case of how economics works. Inflation is a one way street because deflation is so much worse. The Great Depression saw -7% deflation.
I straight up live in a different world from this comment and OP. That sounds like a door to door hour long errand run - max.
The fact that it kills so many is a marketing tool. It’s viewed as the “strongest” high and the people who die just “didn’t know their limit” unlike the user.
They should include the interest rate they are using to calculate the mortgage. Based on what’s provided they are assuming around a 6% mortgage which is no longer available. Tack an extra $1,000 monthly payment onto that million dollar home and an extra $40,000 to your income to make it affordable. (Assuming debt/income ratio and income taxes)
Did I miss anything?
Where are those houses? Nowhere anyone wants to live
Death penalty litigation is always more expensive than just jail.
It’s pretty funny- worth seeing. Definitely amps up the ridiculousness in a way that I don’t remember Mean Girls being, but it’s in the same ballpark. Honestly maybe closer to Superbad.
This is a bad take. Most Republicans are in ‘safe’ districts where their only challenge is from the right. Being pro-abortion is a surefire way to lose a Republican primary.
It’s embarrassing you’re an accountant and yet indulge in conspiratorial thinking. I’ve worked in and audited small, medium and large companies. Public companies have the strictest controls around personal spending of company resources. All public companies have to comply with SOX. I’ve never seen a private company voluntarily comply with that standard.