German Finance Minister Christian Lindner, a member of the self-proclaimed Liberal Party, is a strong advocate for the global minimum corporate tax rate. We are witnessing the globalists' attempt to undermine this most important bastion of tax competition, which is helping to keep the state off our backs to keep. The narrative at the beginning is: large digital companies should pay at least 15% taxes. Of course, as always with socialists, this is all about implementing more extensive tax authority for the ever-growing state.
179 sats \ 1 reply \ @Undisciplined 24 May
I hadn't made this connection until reading this post, but the EU is undoing the primary factor that drove Europe's wealth creation in the first place: political fragmentation.
One of the leading hypotheses for why Europe kicked off The Great Divergence is that there were many competing nations and rulers. That meant there were many jurisdictions competing with each other and they had to compete for population and trade.
Essentially, having nearby rivals to flee to meant there was a much stricter cap on rent seeking by the rulers than elsewhere in the world.
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69 sats \ 0 replies \ @TomK OP 24 May
exactly. That is also what I always say to those who are now demanding prohibitive tariffs in the face of China. In the long term you can only be successful if you assert yourself in open markets in the face of tough competition and in this way identify your own comparative advantages - everything else always fails
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42 sats \ 1 reply \ @grayruby 24 May
The crazy globalists just won't stop.
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50 sats \ 0 replies \ @TomK OP 24 May
No. Until sth. really breaks
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42 sats \ 1 reply \ @cryotosensei 24 May
I have always classified Germany as a tax haven, because I learnt there is no need to pay capital gains taxes if one HODL his crypto assets for more than a year. Guess I only know half the story
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0 sats \ 0 replies \ @TomK OP 24 May
We are no. 1 in the OECD
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