A global tax. How many tens of thousands of pages of regulation do you suppose that will generate.
Every page dripping with fairness. The end result will be our bleeding.
Corporations don’t pay taxes, they collect them.
Consumer facing-means the military-industrial-government-bankster complex conveniently will not be burdened.
When you hear a politician say “the corporation pays the tax, the citizen will never feel it” you know this person is totally ignorant, lying scum or more likely both.
Corporate tax chiefs are trying to assess the potential implications of a proposal for a new global tax system for consumer-facing businesses, an effort that is being complicated by what some companies describe as a lack of critical details.
The Organization for Economic Cooperation and Development, which is running the initiative, was scheduled to meet Thursday and Friday in Paris to discuss a proposal that would set a standard tax rate for a company’s global operations and allow individual governments to tax profits above that based on sales accounted for by each country.
The new rules would represent a departure from current regulations that look at where companies are based and where they hold patents and brands.
Dubbed the “unified approach,” the rules would apply to companies with annual revenues of more than €750 million ($830 million) in consumer-facing industries, a broad term that includes technology companies—which have been in the spotlight for their tax practices—and other firms selling services and goods to consumers…
Be seeing you
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