Global policeman; now it wants to become the global taxman.

[theold]

The US used to act as the global policeman; now it wants to become the global taxman.

On the eve of the IMF and World Bank spring meetings this week, Janet Yellen called on countries around the world to join Washington in setting a global minimum tax rate for companies. You can see why that might look like a good idea from the US Treasury secretary’s perspective.

https://sg.finance.yahoo.com/news/americ...15007.html

[singlion]

USA has reached a point where the cost of collecting taxes is not viable.

[Cityhantam]

For USA, it is good but for the rest of countries, it is no good!

[singlion]

It is now just on the largeness of the USD.
It can't go on forever.
On the other we have the WEF who think they can centralise everything
and China who uses technocracy to achieve that.
Look like problem too big to know.

[Omnipresent88]

USA has reached a point where the cost of collecting taxes is not viable.

if us increase tax. china will follow too.

1.after big loss in capital market.

2.investor move out of china.

3.those ppl living china life is hard. no job and WILL facing HYPER INFLATION.

[niubee]

if us increase tax. china also follow too.

Yr brain will get larger too

[Omnipresent88]

ON THE OTHER SIDE OF STORY. US STILL DOING FINE. WITH Many Allies hlep.

china keep asking us spend on infrastructure to hlep china gdp.

[Omnipresent88]

Yr brain will get larger too

i think you referring china rmb replace us dollars.

do you know the reason. why cryptocurrency fail?

[red3]

Wow ... one tax

[Omnipresent88]

Wow ... one tax

no, the world cannot acept to use rmb to replace us dollars.