Minimum tax rates do nothing unless the tax loopholes are addressed. Furthermore, instituting a global tax rate would require cooperation that has not been seen since the Second World War. Not to …Read MoreMinimum tax rates do nothing unless the tax loopholes are addressed. Furthermore, instituting a global tax rate would require cooperation that has not been seen since the Second World War. Not to mention how many countries would have different views of how tax the corporations. If anything, it would likely lead to global conflict the moment any one country tried enforcing it using their own means. Taxing the globe is a conversation that can only be had when the human race is united under a global governing structure and it unclear how that would be accomplished at the present time.Read Less
No because setting a corporate tax rate does not hold companies accountable now, and setting one globally will certainly lead to strife among nations. While some may adhere to it, others will not and …Read MoreNo because setting a corporate tax rate does not hold companies accountable now, and setting one globally will certainly lead to strife among nations. While some may adhere to it, others will not and such a large scale issue does not need to be put on such a major stage. I feel that it will still be a problem.Read Less
This would not make sense unless every nation is on the same level in all aspects. Minimum corporate tax rate for one country can be absolutely impossible to pay in another country.
First off, enforcing a single unified tax rate like this globally may not even be feasible as every nation has its own legal systems, political/governmental structures and economic situation. And the …Read MoreFirst off, enforcing a single unified tax rate like this globally may not even be feasible as every nation has its own legal systems, political/governmental structures and economic situation. And the world is simply to vast to truly enforce something like this, enforcing international rules of engagement and preventing war crimes for example has been proven hard to do. Trying to enforce a global corporate tax rate will likely be challenging as well. Second, just because you’re setting a certain tax rate doesn’t mean it’s going to prevent companies from evading taxes if the companies that are evading taxes have already been doing it and have likely gotten good at it. Government oversight and investigation at the national or regional level may be more effective at combating it. Third, there’s the question of who would even enforce this. The obvious answer may be the United Nations, but it’s unlikely that the UN’s more powerful member nations like the US, Russia and China would even let it enforce something like this as it could conflict with their own interests. The mentioned superpowers are also permanent members of the Security Council and hold strong veto powers.Read Less
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Minimum tax rates do nothing unless the tax loopholes are addressed. Furthermore, instituting a global tax rate would require cooperation that has not been seen since the Second World War. Not to …Read MoreMinimum tax rates do nothing unless the tax loopholes are addressed. Furthermore, instituting a global tax rate would require cooperation that has not been seen since the Second World War. Not to mention how many countries would have different views of how tax the corporations. If anything, it would likely lead to global conflict the moment any one country tried enforcing it using their own means. Taxing the globe is a conversation that can only be had when the human race is united under a global governing structure and it unclear how that would be accomplished at the present time. Read Less
No because setting a corporate tax rate does not hold companies accountable now, and setting one globally will certainly lead to strife among nations. While some may adhere to it, others will not and …Read MoreNo because setting a corporate tax rate does not hold companies accountable now, and setting one globally will certainly lead to strife among nations. While some may adhere to it, others will not and such a large scale issue does not need to be put on such a major stage. I feel that it will still be a problem. Read Less
This would not make sense unless every nation is on the same level in all aspects. Minimum corporate tax rate for one country can be absolutely impossible to pay in another country.
I don’t think this would be rational given that countries have vast economic differences.
I don’t think this would be effective and tax evasion would still be a problem.
This wouldn’t make sense, as there is no way to impose a global tax.
First off, enforcing a single unified tax rate like this globally may not even be feasible as every nation has its own legal systems, political/governmental structures and economic situation. And the …Read MoreFirst off, enforcing a single unified tax rate like this globally may not even be feasible as every nation has its own legal systems, political/governmental structures and economic situation. And the world is simply to vast to truly enforce something like this, enforcing international rules of engagement and preventing war crimes for example has been proven hard to do. Trying to enforce a global corporate tax rate will likely be challenging as well. Second, just because you’re setting a certain tax rate doesn’t mean it’s going to prevent companies from evading taxes if the companies that are evading taxes have already been doing it and have likely gotten good at it. Government oversight and investigation at the national or regional level may be more effective at combating it. Third, there’s the question of who would even enforce this. The obvious answer may be the United Nations, but it’s unlikely that the UN’s more powerful member nations like the US, Russia and China would even let it enforce something like this as it could conflict with their own interests. The mentioned superpowers are also permanent members of the Security Council and hold strong veto powers. Read Less