Did I say that? No, of course not. So why would you say that I believe that when I clearly said no such thing?
No you didn't specifically say that. So what did you mean when you said "So moves like the one in this article just give the politicians the ability to renege on those deals, leaving the companies they promised holding the bag, with no recourse whatsoever." The presumption would be that you believe these big techs are doing exactly what they were expected to do and politicians were in cahoots with it, but now countries "are reneging" on those promises.
The "presumption" is exactly what I said. Politicians enacted the loopholes either for the friends or to entice businesses. Now they get a chance to close those loopholes (renege) without any noticeable repercussion.
I don't think countries ever expected these hugely profitable companies to craft a way to mostly or entirely avoid paying taxes to them for transactions that take place within their borders so what are they "reneging" on?
Baloney. They knew exactly was those companies would do. The fact that countries, states, counties, municipalities all over the world do this, and continue to do it, tells me they know precisely what the outcome will be. Any other "presumption" is naive.
AI says: Agreed in principle on Sunday, the finance ministers of G20 countries agreed to create a list of common rules to eliminate tax loopholes
Translation: Somebody is making money and we're not getting any. This must stop.
AI says: tax loopholes currently abused by tech companies to reduce their corporate taxes.
Translation: They're operating within existing law and we're not getting enough money so they're abusing the legal system and it's costing us money!
While I understand the innate need for countries' governments to extract as much money as possible from their peoples, I wish for once they could just be honest. They don't have to admit it's a money grab- just stop the 'fair share' rhetoric. The monies seized from new legislation will not be spent an any particularly wise manner.
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The "presumption" is exactly what I said. Politicians enacted the loopholes either for the friends or to entice businesses. Now they get a chance to close those loopholes (renege) without any noticeable repercussion.
Baloney. They knew exactly was those companies would do. The fact that countries, states, counties, municipalities all over the world do this, and continue to do it, tells me they know precisely what the outcome will be. Any other "presumption" is naive.
Translation: Somebody is making money and we're not getting any. This must stop.
Translation: They're operating within existing law and we're not getting enough money so they're abusing the legal system and it's costing us money!
While I understand the innate need for countries' governments to extract as much money as possible from their peoples, I wish for once they could just be honest. They don't have to admit it's a money grab- just stop the 'fair share' rhetoric. The monies seized from new legislation will not be spent an any particularly wise manner.