John Tamny on US government threat to business in China

As always, I so badly want Americans (Fox watchers in particular) to visit China.  It would so WIDELY open their eyes.  Oh, the love the Chinese have for all things American.  It sickens me that we're so blithely turning what's beautiful into governmental warring, and perhaps warring of the shooting kind.

~ John Tamny, personal note, April 18, 2025

The Wall Street Journal on a global minimum corporate tax of 15%

Nearly 140 countries agreed Friday to the most sweeping overhaul of global tax rules in a century, a move that aims to curtail tax avoidance by multinational corporations and raise additional tax revenue of as much as $150 billion annually. 

But the accord, which is a decade in the making, now must be implemented by the signatories, a path that is likely to be far from smooth, including in a closely divided U.S. Congress. 

The reform sets out a global minimum corporate tax of 15%, targeted at preventing companies from exploiting low-tax jurisdictions. 

Treasury Secretary Janet Yellen said the floor set by the global minimum tax was a victory for the U.S. and its ability to raise money from companies.

~ Paul Hannon and Richard Rubin, "Corporate Taxes Poised to Rise After 136-Country Deal," The Wall Street Journal, October 8, 2021