Doesn’t this deal have to meet the approval of the US Congress for the USA to even officially pass it?
Only Congress has the power to tax here in the USA, not the executive branch.
Wish I could speak Estonian or Hungarian...
So long as the US continues to tax companies on overseas earnings, we’ll continue to see companies leaving.
Burger King left the US for Canada because under US tax law, Burger King restaurants in Germany were required to pay income tax to the US. Canada has no such requirements.
The countries smart enough to have the lowest corporate tax rate will have a lot of companies relocate, at least on paper.
Ireland is nice and so is Hungary. Fewer violent communists than this fraudulent totalitarian junta.