IMF supports Global Minimum Tax

[Pauls' Revere]

Funny, I don't remember voting for any IMF members. And why is it that ONLY government can spend on social & economic things? Unless its so that they can take the money and direct it and spend it as they see fit instead of people and business deciding for themselves.

https://finance.yahoo.com/news/gopin...144331721.html

IMF Chief Economist Gita Gopinath said that the fund has been calling for international cooperation on tax policy “for a long time,” adding that different corporate tax rates around the world have fueled tax shifting and avoidance.

“That reduces the revenues that governments collect to do the needed social and economic spending,” Gopinath told Yahoo Finance Tuesday. “We’re very much in support of having this kind of global minimum corporate tax.”

Gopinath’s remarks are likely to add momentum to U.S. Treasury Secretary Janet Yellen’s efforts to start an international dialogue on a new framework. The European Commission on Tuesday also said it supported discussions, but said the ultimate rate should be deliberated through the Organisation for Economic Cooperation and Development (OECD).

Yellen recently called on the 20 largest economies to work together to “stop the race to the bottom” by setting a new minimum that would allow governments more stability in collecting tax revenue. The Biden administration is targeting a 21% global minimum tax for U.S. multinational corporations.

[Brian4Liberty]

The thing about “minimums” is they always go up, especially when it comes to taxes.

[oyarde]

ya , the IMF , yellen , powell , the fed and probably others . $#@! off . The US should have the lowest and these commies can suck it .

[oyarde]

ya , the IMF , yellen , powell , the fed and probably others . $#@! off . The US should have the lowest and these commies can suck it .

I'd support a one percent tax that bypasses the general fund all together and goes right to the treasury to be applied against debt .

[Anti Globalist]

Be nice if the IMF wouldn't support taxes of any kind.

[jkr]

[Pauls' Revere]

Governments should race to the bottom on taxes, unless of course the goal is to keep the population in servitude.