Understanding the Global Minimum Tax, Blah
My Tennis Buddy Indicator (TBI) has a new obsession… the global minimum tax (GMT) proposal that could be ratified at this weekend’s G20 Summit in Rome. The very idea of establishing a global tax — minimum or not — sounds a lot like the first step in establishing a single world government. It brings to mind Jim Rickards’ warning of the coming “Great Reset” as part of the Davos Agenda. You’re probably aware of how large multinational companies use various accounting tricks to claim revenues and profits were made in other countries, looking to take advantage of lower tax rates. The GMT will do away with all that.