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.
Like any subject matter that is complex it requires someone to have specialized training to understand and navigate. We all have a working understanding of the legal system, but sometimes we need expert opinion. Few people are willing/able to master the subject matter so supply relative to demand is low.
The legal system is complex because our world is complex. We are constantly expanding human endeavors (Space law wasn’t an issue until Sputnik) and changing current laws (Marijuana laws have changed in many states). It’s not just a matter of learning the law once - it is constantly changing and requires an expert to be always up-to-date.
You’re paying $.25 for the piece of paper and $199.75 for the lawyer’s knowledge of how to file it.
I think there is going to be a greater push for KYC for social media as we are going to soon be inundated with comments and online activity by bots that is indistinguishable from humans and hyper taylored to its audience. All the stuff Russia pulled with election interference is going to be child’s play.
There is also going to be an explosion of content. The same recipe page that took a human a day or two to create will be made in a second. Billions of recipe pages, billions of sports blogs, billions of comments…
Downfall of the West relative to who? The whole world is impacted by climate change and the West is best positioned to manage its effects.
It means it’s not as simple as saying 1950 home = 2023 home and therefore any differences in price are due to inflation.
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.