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The tax, climate and energy passed by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides much of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November. (
In this video Andrew shares How the USA’s New 15% Minimum Corporate Tax Works.
00:00 Start
0:15 New 15% Minimum Corporate Tax
2:31 Taxes in Ireland
2:36 Taxes in Hungary
3:18 How the USA’s New 15% Minimum Corporate Tax Works
7:42 Taxes in Canada
8:59 Taxes in New York
Andrew is reading this article:
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Fuck taxes
Which is the best country to open a limited business when considering corporate tax, incorporation fees, remote bank access and reputation. I'm particularly talking about BVI, the Isle of mann and Vanuatu. (I'm a UK citizen living in Fiji with a NZ company paying a horrific 28% to a socialists government)
So just split your company up into multiple companies…..
Roe v Wade being overturned ruined it for all you anti tax folks. Democrats are going to destroy republicans in the midterms and in 2024. Women are pissed! Republican should of left women's reproductive rights alone. Now you're gonna being taxed up the ass for years to come.
Yeah definitely agree not a good bill. The only thing I liked about it was the minimum 15% tax on companies making over a billion a year. You didn't mention that those 55 American companies literally paid 0 dollars in tax or got money back from the government despite making billions of dollars in profit doing business in the United States with its people who pay individual tax rates of 30 to 50%. So making sure they pay at least 15% in taxes seems more than reasonable. You said you think they should not pay at least 15% tax because they are already making huge profits and therefore paying a lot in taxes (which most are not by the way) that's not really a good logical argument to make. I do think most of these taxes are wasted by politicians on special interest groups and corruption. But the middle class was much larger and the country was overall in better shape when we had higher corporate taxation and lower personal taxes in my opinion.
If you cant even define what is a woman. How can our country trust you with 15 percent of our moneh. Wtf
IF YOU REALLY WANT TO DO IT, YOU GOT-TA, YOU JUST REALLY GOT-TA, Pass the LOOGIE 'pon the left hand side I say
Pass the LOOGIE 'pon the left hand side
It a go bun give me the LOOGIE, make me jump and prance
It a go dung, ya know? Give me the LOOGIE, make me rockin' at the dance apupu apupu apupu apupu
With anti immigration, anti Asian and gun violence, who would come to America?
Even universities allow online degrees now, stay home and study at 1/5 the cost.
If these high tax countries, have some competition, can they use economic sanctions against low tax countries? This can create conflict.
Does anyone know if your home EU bank can check to see if you have other EU bank accounts?
If there's a centralised data base for checking this?
this 1% tax on repurchased shares, is it for US Companies? US persons? Foreign companies? thanks!
Hi Andrew! Thank you for this particular video and I think it is great! Several points made me laugh out loud at the simple mindedness of those demanding that the big Corporations "pay their fair share". Gee, who is creating real jobs and employing people? 😂 Also my other best takeaway from this video? Wear nice clothes and avoid going to Starbucks!! 😅😊😎👍👍👍 Another Bull's Eye video, Sir!! 😊😊😊😎👍👍👍(Rob Allen in Thailand) 🌴🐘🐒🐒🐘🌴
I like you
A 7 figure income recipient wants to pay zero taxes? Well, don't complain that you have no country to call home anymore.
You know hypothetically let's say this 15% goes through globally and every nation is on board. Then competition would be eliminated right? Nah just like when the pandemic hit people had time to think and adjust.
Entrepreneurs will do the exact same, because now competition will come in other factors. Like quality of life, medical, produce, community.
As an entrepreneur the states Don't offer much in those categories and I don't think this will work in their favor.
You're telling me (hypothetically) of course, I can choose who I give my 15% to? Say no more.
I haven't seen this 15% tax explained anywhere else.
It will be passed on to the customers.
Correct me if I’m wrong but, I think I saw in the new “anti-inflation” bill in January 23’ the Fed income taxes will go up 18% ? So that will also lessen citizens buying power even more!
I'm intrigued by the stat that 3 put of 5 Americans aren't paying federal taxes, particularly since 3 out of 5 Americans are w2 employees and who have the least allowable deductions, especially if they're single with no children. What's more is that these are probably also "Average Joes" without the resources to have CPA advice. I'm open to being wrong on this. I'm genuinely intrigued by this stat and have to research it further.
Your revenue stream comes from the us primarily, you should be taxed on that
Your suit guy should resew the sleeves on your suit jackets
Hungary is rubbish.
Big tax supporters are not hard people. Or work hard. Small talk and chit chat are a way of life for these overgrown high school kids.
🇱🇨🇰🇳🇦🇬🇦🇶
When you find out that these taxes have nothing to do with economic growth, decreasing poverty, and increasing opportunity, you quickly learn that we are going the wrong direction. When you find out what most of these taxes get spent on, you discover that taxation is a very inefficient and wasteful method of solving structural problems in society. The best government is one of which that does least is true. Not theory, just facts.
Why spend 1/4 of federal taxes on a crappy Ponzi scheme ?
Why spend 1/4 of federal taxes on a bloated, corrupted healthcare system ?
Why spent 9/100 of the American dollar on interest payments for terrible spending decisions done over decades by 99.99% of people I never voted for but been told to pay because they decided before I was born that this spending was necessary for … x y z.
Why spend 18/100 of the American dollar for some other guys 4D chess game?
I’m not against taxes, but this idea that paying taxes makes you patriotic, fair, equitable, and about equalizing the playing field by allowing the political class to spend the money terribly for their friends projects and hope some portion of that pours down to “disenfranchised” people is bullshit. It doesn’t ever work out that way. These morons will laugh at “trickle down economics” but that’s exactly what democrats believe in. They just think the trickle down should happen by people who never created anything of value in the marketplace rather than people who did all the production.
This will go the same way as the AMT-which at its peak caught 5.2 million taxpayers…in the meantime it will actually make inflation worse as these companies raise prices to cover the cost of the tax and still keep their margins stable.
“All” is erroneous. Many nations don’t want to participate in USA’s 15% min corporate tax.
would not be so bad if they lowed the corp tax rate to 15%
Who defines “fair share” ?
Democrats in the United States have never seen a tax they didn't want to raise.
Nothing is wrong with Communism in small communities where people care about each other. In large settings it fails to solve the same problems Capitalism endures. Cheating, hoarding, and cronyism. Instead of being poor, you end up poor and starving.
15% minimum tax.
Brandon Sucks!
Trump when in office 2024 is gonna axe it 🤘
There is always a way to structure around. They never close the loopholes completely.
There is nothing wrong with Communism in small communities where people care about one another. Whats wrong with it in large populations is it doesnt solve the cheating, hoarding, and crony problems any better than Capitalism.
Aside from the principle of going where you treated best, anyone that's an American should keep in mind that this tax is unconstitutional on its face. Bills for the raising of revenue must under the US Constitution originate in the House of Representatives. At the rate things are going that would be an open and shut case to get it thrown out in scotus
This will stifle the US economy 🤦 it causes LESS investments and LESS spending. Do these people know ANYTHING about economics?
Mmm great insight, good to know! 💸🙌🏽
People who are complaining that their income is low or they deserve higher salary, they should create more value in the market. Update yourself with high income skills to be able to create more value into the market place to be paid well. a fellow creator,.,.,.
I propose 16% because of global warming. 17% for the children. 18% … ah screw it, just take it all.
Just another sign at the desperation in the US so called elite who decided they were born to rule over us lowly peons. They know that just printing money won't work as Americans are on to how that turns out so they are going to raise taxes. Then they can use that tax money to cover their new spending. It won't and it will only add to more inflation as those companies pass that 15% and more on to the consumers.
The problem isn't taxes on its own but rather insane spending, government growth and over reach.
Absolutely disgusting. If Trump doesn’t overturn this immediately when he gets elected, he is obviously in bed with them.
Hold on a moment. Should those 55 companies such as Amazon, Tesla etc be allowed to shift profits overseas to escape US taxes? Mmmm I don't think that's fair to us US tax payers.
How to apply for
Montserrat British Overseas Territory (BOT) passport?? How much does it cost??