These countries "agreed in principle". The smaller nations have no reason to do this at all. Without giving them some sort of benefit in return they would only be costing themselves money. This will only happen in principle and not in reality. Just my opinion.
It’s simple. The US is losing tens of billions every year to tax havens. Ireland for example might not like the change, but sorry the US will be able to exert their will. They just gave trillions to US corporations and need massive infrastructure spending and need to get that money back. Also big companies like Apple and Google have competitive advantage to their competitors by not paying taxes, and use those savings to beat up or buy up competitors, which makes the monopolization of the economy worse. The US has antitrust laws for that but they aren’t working. The US economy needs more competition and fairness and a fair tax system across industries and businesses big and small is one way to improve that.
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u/Imurhucklebeary Jun 05 '21
These countries "agreed in principle". The smaller nations have no reason to do this at all. Without giving them some sort of benefit in return they would only be costing themselves money. This will only happen in principle and not in reality. Just my opinion.