1. #7211
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    Phil B.'s Avatar
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    Re: Let the truth be known

    Second Big Name in Biden Administration Backs a Global Tax

    The Biden administration affirmed its support for what’s known as a global minimum tax on Sunday as part of its push to make corporations shell out more in taxes.
    Last month, Treasury Secretary Janet Yellen said it was time to end “a 30-year race to the bottom on corporate tax rates” and establish a global tax system so corporations could not find a tax haven anywhere in the world.
    On Sunday, Council of Economic Advisers chair Cecilia Rouse extolled the virtues of the plan in the context of paying for President Joe Biden’s domestic spending.


    “The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore – off of U.S. soil – and having a global minimum tax so that we’re working with the rest of our trading partners, so that we’re working with the rest of the world so that corporations are paying their fair share worldwide,” Rouse said during an interview on “Fox News Sunday.”
    “President Biden is really saying, ‘Look, everybody should pay their fair share,'” she said, according to Fox News. “Yes, internationally we don’t want to be disadvantaged, so he’s also working with other countries so that we have a minimum tax internationally so there’s not a race to the bottom.”

    Rouse said the Biden administration wants to reverse the trend of corporations growing richer.
    “What we’ve seen over the past several decades is that the wealthiest Americans, the big corporations are getting wealthier, and they’re contributing less in terms of federal revenue,” Rouse said.





    v e

    @MisterVR5




    Yellen to push for global minimum tax rate on corporations https://fxn.ws/2PXYwtE #FoxBusiness The Big Problem with the Biden Spending spree is that almost all of it is non-essential and has nothing to do with helping Americans.



    So what is a global minimum tax?
    Bloomberg said the concept has “two basic notions: setting a minimum corporate tax rate across the world (think of this as making a bigger revenue pie), and rewriting the rules for allocating that revenue among countries (cutting the pie up differently).”
    Bloomberg’s report also painted a scenario of how the concept could work.
    “A company headquartered in Country A is reporting income in Country B, where the rate is 11%. With a global minimum rate of 15% in effect, Country A would ‘top up’ the tax and collect another 4% of the company’s profit from Country B — representing the difference between Country B’s rate and the global minimum rate. That undercuts any advantage of shifting to lower-tax places and pressures countries to conform to the global norm,” the report said.
    “We hope that the announcements of Secretary Yellen regarding the U.S. position, withdrawing the safe harbor regime proposal and calling for a minimum corporate taxation, will spur a new momentum toward agreement on a consensus-based global solution this summer,” European Commission spokesman Dan Ferrie said last month, according to Fox News.




    AFP News Agency



    @AFP



    #BREAKING Germany, France back 21% global minimum corporate tax proposal: ministers


    Yellen, in supporting the global tax, said the U.S. must take a globalist perspective, in a speech on April 5.
    “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” she said. “It’s about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.”
    This is just another push to put the USA into the NWO.

    “President Biden’s proposals announced last week call for bold domestic action, including to raise the U.S. minimum tax rate, and renewed international engagement, recognizing that it is important to work with other countries to end the pressures of tax competition and corporate tax base erosion,” she said.




    raise the US minimum tax rate means HIGHER TAXES for ALL AMERICANS. All to fund all the 'give aways' to those that don't deserve it.

  2. #7212
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    US Radar Tracking as Massive Chinese Rocket Plummets Toward Earth in Uncontrolled Re-Entry

    A massive Chinese rocket will be falling to Earth, with large sections of the United States among the possible sites, but no one knows where or when the rocket will hit
    The Long March 5B rocket pushed China’s first module for its space station into orbit on Wednesday. However, the booster rocket remained in orbit as well as the payload.
    That means that the core of the rocket, which weighs about 21 metric tons, the equivalent of about 23 tons, will eventually tumble back to Earth, according to SpaceNews.

    In its reporting, SpaceNews explained that most launch rockets are not designed to go into orbit, but to crash back to land in a safe area.
    “Most expendable rocket first stages do not reach orbital velocity and re-enter the atmosphere and land in a pre-defined re-entry zone. Some other larger, second stages perform deorbit burns to lower altitude to reduce time in orbit and lower chances of collisions with other spacecraft or to immediately re-enter the atmosphere,” it said.

    In March, the second stage of a Falcon 9 rocket used by SpaceX returned to Earth in a fiery spectacle that saw most of the rocket burn up upon re-entry, although some pieces of debris reached the ground.
    Last May, China’s first Long March 5B made a similar uncontrolled re-entry, scattering debris across the Atlantic Ocean and part of western Africa, SpaceNews reported.

    At the time, estimates of the rocket’s path indicated that had it returned to Earth 30 minutes sooner, debris would have landed on the U.S.
    The U.S. military is tracking the rocket, the report said.
    The SpaceNews report said that the timing of the rocket’s blazing return is unclear.

    “The decay of its orbit will increase as atmospheric drag brings it down,” the report explained. “The speed of this process depends on the size and density of the object and variables include atmospheric variations and fluctuations, which are themselves influenced by solar activity and other factors.”
    As it orbits the Earth every 90 minutes, “the rocket body passes a little farther north than New York, Madrid and Beijing and as far south as southern Chile and Wellington, New Zealand, and could make its re-entry at any point within this area,” the report stated.

    The most likely event will see any debris that actually survives the intense heat of re-entry falling into the oceans or uninhabited areas, but the risk remains of damage to people or property.
    One observer said the danger — and the potential show — would be almost without precedent.

    “The Long March 5B core stage is seven times more massive than the Falcon 9 second stage that caused a lot of press attention a few weeks ago when it re-entered above Seattle and dumped a couple of pressure tanks on Washington state,” spaceflight observer Jonathan McDowell told SpaceNews, noting that last year’s return of the Long March 5B launch was the fourth-biggest uncontrolled re-eetry in spaceflight history.
    “I think by current standards it’s unacceptable to let it re-enter uncontrolled,” McDowell said. “Since 1990, nothing over 10 tons has been deliberately left in orbit to re-enter uncontrolled.”

  3. #7213
    IT Manager 5,000+ Posts bsm2's Avatar
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    Re: Let the truth be known

    “The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore – off of U.S. soil – and having a global minimum tax so that we’re working with the rest of our trading partners, so that we’re working with the rest of the world so that corporations are paying their fair share worldwide,” Rouse said during an interview on “Fox News Sunday.”
    “President Biden is really saying, ‘Look, everybody should pay their fair share,'” she said, according to Fox News. “Yes, internationally we don’t want to be disadvantaged, so he’s also working with other countries so that we have a minimum tax internationally so there’s not a race to the bottom.”

    Thank to President Biden

  4. #7214
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Let the truth be known

    Quote Originally Posted by bsm2 View Post
    Jealous The only hoax are people that don't believe in Science Amigos
    Your problem is that you have accepted the lie that a consensus of scientists agree on climate change. It is actually a consensus of liberal, closed minded scientists. The fake news media refuses to publish any article about any scientist who does not believe in their lie. In fact NBC went so far as to buy The Weather Channel in order to silence Meteorologist John Coleman, one of the co-founders of The Weather Channel. They then fired any on screen meteorologist who did not agree with the climate change lie.

    John Coleman continues to speak out against climate change until his death in January 20, 2018.



  5. #7215
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    Re: Let the truth be known

    Quote Originally Posted by slimslob View Post
    Your problem is that you have accepted the lie that a consensus of scientists agree on climate change. It is actually a consensus of liberal, closed minded scientists. The fake news media refuses to publish any article about any scientist who does not believe in their lie. In fact NBC went so far as to buy The Weather Channel in order to silence Meteorologist John Coleman, one of the co-founders of The Weather Channel. They then fired any on screen meteorologist who did not agree with the climate change lie.

    John Coleman continues to speak out against climate change until his death in January 20, 2018.


    look like that was another BSM2 lie.

  6. #7216
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Let the truth be known

    Why is the swamp/media complex so terrified of Rudy Giuliani? Ep. 1512 What Are They Hiding? What Are They Afraid of? | Dan Bongino

    The prosecutors soon would learn the resistance they faced was blowing directly from the U.S. Embassy in Kiev, where the Obama administration took the rare step of trying to press the Ukrainian government to back off its investigation of both the U.S. aid and the group. US Embassy pressed Ukraine to drop probe of George Soros group during 2016 election | TheHill

    Liberal mega-donor George Soros made some big bets during the last U.S. presidential election(2016). One was that Hillary Clinton would win the presidency. Another was that he could reshape Ukraine’s government to his liking. George Soros's secret 2016 access to State exposes 'big money' hypocrisy of Democrats | TheHill

    The New York Times, Washington Post and NBC News all issued retractions Saturday for their coverage of Rudy Giuliani following a raid of his Manhattan apartment by the FBI. https://nypost.com/2021/05/01/new-yo...bout-giuliani/

  7. #7217
    IT Manager 5,000+ Posts bsm2's Avatar
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    Re: Let the truth be known

    Quote Originally Posted by Phil B. View Post
    look like that was another BSM2 lie.
    Hilarious Only if YOU believe Conspiracy theories

  8. #7218
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    Re: Let the truth be known

    Quote Originally Posted by Phil B. View Post
    LMFAO!!!

  9. #7219
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Let the truth be known

    I wonder if everyone discussing this on social media is what has the internet so damned slow right now?
    Bill and Melinda Gates Announce Divorce After 27 Years of Marriage | PEOPLE.com

  10. #7220
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    Re: Let the truth be known

    Quote Originally Posted by copiertec View Post
    LMFAO!!!
    yeah buddy I thought so too!

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