Global tax is complicated. A reprisal tariff regime would be way way way more complicated. The US doesn’t want to be in a position where it’s levying 50% tariffs on Guinness because Ireland’s corporate tax rate is 12.5%. How do you know that tariff is fair and would the WTO even recognize uneven tax rates as a sanctionable offense?
This is a carrot vs stick approach.
That’s exactly want this law is stopping. Companies will always try to reduce their tax burden which is why this initiative, a tax floor, is global. The law is an effective way of increasing the minimum tax - what you said doesn’t really apply.
I think this is moreso the case of how economics works. Inflation is a one way street because deflation is so much worse. The Great Depression saw -7% deflation.
I straight up live in a different world from this comment and OP. That sounds like a door to door hour long errand run - max.
The fact that it kills so many is a marketing tool. It’s viewed as the “strongest” high and the people who die just “didn’t know their limit” unlike the user.
They should include the interest rate they are using to calculate the mortgage. Based on what’s provided they are assuming around a 6% mortgage which is no longer available. Tack an extra $1,000 monthly payment onto that million dollar home and an extra $40,000 to your income to make it affordable. (Assuming debt/income ratio and income taxes)
Did I miss anything?
Where are those houses? Nowhere anyone wants to live
Death penalty litigation is always more expensive than just jail.
It’s pretty funny- worth seeing. Definitely amps up the ridiculousness in a way that I don’t remember Mean Girls being, but it’s in the same ballpark. Honestly maybe closer to Superbad.
Even if it’s nationalized we still want energy generation as low cost as possible so we can use the national budget for other things.
It’s simply solved by the fact that I, as a human driver, can recognize now when a robo-taxi is driving and change my expectations of the car’s behavior. Right now it’s clearly evident what an autonomous car looks like and a reasonable person will have the expectation that they follow the letter of the law.
I interact with these vehicles on a daily basis in San Francisco and it would be weird if they weren’t driving perfectly.
It’s an estimate of premature deaths based on CO2 emissions.
"Pearce and Parncutt found the peer-reviewed literature on the human mortality costs of carbon emissions converged on the “1,000-ton rule,” which is an estimate that one future premature death is caused every time approximately 1,000 tons of fossil carbon are burned.
“Energy numbers like megawatts mean something to energy engineers like me, but not to most people. Similarly, when climate scientists talk about parts per million of carbon dioxide, that doesn’t mean anything to most people. A few degrees of average temperature rise are not intuitive either. Body count, however, is something we all understand,” said Pearce, a Western Engineering and Ivey Business School professor.
“If you take the scientific consensus of the 1,000-ton rule seriously, and run the numbers, anthropogenic global warming equates to a billion premature dead bodies over the next century. Obviously, we have to act. And we have to act fast.”"
Like any subject matter that is complex it requires someone to have specialized training to understand and navigate. We all have a working understanding of the legal system, but sometimes we need expert opinion. Few people are willing/able to master the subject matter so supply relative to demand is low.
The legal system is complex because our world is complex. We are constantly expanding human endeavors (Space law wasn’t an issue until Sputnik) and changing current laws (Marijuana laws have changed in many states). It’s not just a matter of learning the law once - it is constantly changing and requires an expert to be always up-to-date.
You’re paying $.25 for the piece of paper and $199.75 for the lawyer’s knowledge of how to file it.
I’m thinking it means workers of that time would not have that physique.
I think there is going to be a greater push for KYC for social media as we are going to soon be inundated with comments and online activity by bots that is indistinguishable from humans and hyper taylored to its audience. All the stuff Russia pulled with election interference is going to be child’s play.
There is also going to be an explosion of content. The same recipe page that took a human a day or two to create will be made in a second. Billions of recipe pages, billions of sports blogs, billions of comments…
Downfall of the West relative to who? The whole world is impacted by climate change and the West is best positioned to manage its effects.
Honestly not really when compared to the alternative. Our net payout through alternatives was closer to 60%. We experienced a bot attack one month where we actually lost money due to generating massive transaction fees on bogus chargebacks.
I thought Google shifted to a flat 15% anyway (especially for small app developers). It’s really a no brainer for app developers then.
My company tried transitioning app subscriptions to alternatives outside the app stores and it was not worth it. Credit card fraud was a massive issue. It got so bad the payment networks (Visa, MasterCard) threatened to ban us from their networks.
Google and Apple aren’t totally rent seeking.
To be fair society benefited along with the companies. We should institute a carbon tax on all transactions - not just punish the energy companies.
Insurance rates should be higher in high risk areas. This is the most straight forward way to keep people from building in high risk areas. I really don’t think we should subsidize Joe shmoe’s insurance on the third rebuilding of his house.
It’s embarrassing you’re an accountant and yet indulge in conspiratorial thinking. I’ve worked in and audited small, medium and large companies. Public companies have the strictest controls around personal spending of company resources. All public companies have to comply with SOX. I’ve never seen a private company voluntarily comply with that standard.