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   Nicole Parsons (npars01@mstdn.social)'s status on Saturday, 16-Mar-2024 12:06:01 JST Nicole Parsons

   in reply to

   @paulvanderbeek @stiofi @davidaugust

   One of the unheralded items of progress accomplished by Biden is international tax treaties imposing an alternative minimum tax system.

   It limits the ability of billionaires to shop for tax havens, loopholes, money laundering, & fraud where corporations offshore profits to an tax haven island subsidiary & onshore losses for the tax rebates

   It's THE main reason billionaires fund Trump, to cancel tax treaties
   https://www.whitehouse.gov/briefing-room/statements-releases/2021/07/01/statement-by-president-joe-biden-on-todays-agreement-of-130-countries-to-support-a-global-minimum-tax-for-the-worlds-largest-corporations/
   https://www.washingtonpost.com/business/2023/07/03/global-minimum-tax-american-businesses/