Trump is demanding countries cede their tax sovereignty over US multinational corporations operating within their own borders – or face serious countermeasures. Countries must now choose: surrender, or defend your taxing rights with a #UNtaxConvention. taxjustice.net/press/trump-... - ThreadSky

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taxjusticenet.bsky.social • 38 days ago

Trump is demanding countries cede their tax sovereignty over US multinational corporations operating within their own borders – or face serious countermeasures.

Countries must now choose: surrender, or defend your taxing rights with a #UNtaxConvention.
https://taxjustice.net/press/trump-demands-countries-surrender-tax-sovereignty-at-economic-gunpoint/

Comments

dodechedrononon.bsky.social•38 days ago

This is why they lined up to donate millions ... the global minimum tax was going to affect shareholder profits for the sake of some small shred of economic justice... so it had to be stopped.

uzmab.bsky.social•38 days ago

Does this mean that US companies that operate in other countries cannot be taxed by that country?

arkancrow.bsky.social•38 days ago

Indeed.

lizardunicorn.bsky.social•38 days ago

Why would anyone want to have a parasitic US company in their country in that case?

animatewithdermot.bsky.social•38 days ago

Ask Ireland.

jimraff.bsky.social•38 days ago

I wonder what multinational corporations think of this. Many offshored because of advantageous tax structures.

nancync.bsky.social•38 days ago

Third option: kick US companies out.

daror.bsky.social•38 days ago

Seems to me no country is going to cede taxing companies in their own nation. It’s insane!

nibblerrat.bsky.social•38 days ago

Or just kick them out

bendav.bsky.social•38 days ago

Suppose a foreign country has a resource: some infrastructure, valuable minerals, young skilled workers, or just potential consumers; and could invite either a US company, or one from elsewhere (Germany, Japan, UK) to develop that resource and profit from it.
Why would it risk asking a US company ?

dmoscotia.bsky.social•38 days ago

Its time for a world wide boycott of the USA & US Companies.

sonny9636.bsky.social•38 days ago

Seems laughable.

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