If they could get totally global coordination to work, sure. Every single nation signing up is a pipe dream though. If that’s how the proposal was actually written it was never intended to pass.
Capital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
2% isn’t enough. If that’s all you probably will just get capital flight.
The proposal is for a globally-levied tax. Where exactly is capital going to fly to?
DPRK, they dont have income tax
Confused libertarian noises
If they could get totally global coordination to work, sure. Every single nation signing up is a pipe dream though. If that’s how the proposal was actually written it was never intended to pass.
Capital flight only exists where it is allowed to exist. It is possible and, in fact, advisable to have laws allowing for the seizure of assets in such a scenario.
At that point you’re not talking about 2% anymore, though, so it’s not really relevant here.
No, the 2% is for the ones who obey the law, and is enforced with something more like 100% for those who break the law.
to where? we are the biggest market in south america. good luck abandoning it because of a measly 2% tax.
i wish their capital would fly, we would probably take over that fucking space ourselves and do a better fucking job.
You could secretly take 90% and I’m convinced they wouldn’t even notice in their day to day