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It looks like they really want this; however, even they understand that people will circumvent the laws and move money to more "favorable" countries, if the world doesn't take a coordinated approach.
The politicians have been setting up the game to appease the rich for generations. It won't be undone that easily.
Need something like this:
https://en.m.wikipedia.org/wiki/Global_minimum_corporate_tax_rate
But for individual wealth/billionaires
And when action happens, I will be behind 100%. Need to read the article, is there even a plan? Other than “hey politicians, do this”?
its really not that hard. Even one country can start it. If a company does business in a country it must pay the corporate rate but it can deduct any corporate tax it pays in other countries. So if it pays the same or more already it pays no additional but if it pays little it has to pay the difference. So they can move the money whereever they want but the only way to avoid it is to not do business in the country and thus open it up for local opportunities.