Transcripts for FOXNEWS The Journal Editorial Report 2021102

FOXNEWS The Journal Editorial Report October 23, 2021 19:05:00

gets worse because the rest of the world, this deal they're negotiated by which the rest of the world is indicating that they might impose a global minimum tax -- by the way, it's lower than the one the administration wants to impose, so even if they get their way, we're at a competitive disadvantage -- but more importantly, this was part of a bigger deal. and the bigger deal was that we would allow the rest of the world to tax american tech companies based on sales into overseas countries. we've never done this with our tax policy before. but that's a huge win for these other countries. it'll be a revenue transfer from the u.s. treasury to their treasuries. but that is very problematic for the administration because that' a modification of our treaties. and as you know, ratification of a treaty requires a two-thirds vote in the senate. they're not going to have two-thirds vote in the senate to do this. so if the rest of the world isn't going to get this piece of

Related Keywords

One Way , Administration , Tax , World , Rest Of The World Isn T , Deal , Minimum , One , Countries , Brest , Disadvantage , Part , Sales , Tax American Tech Companies , Tax Policy , Treasuries , Win , Revenue Transfer , Treasury Department , Ratification , Vote , Treaties , Treaty , Senate , Piece , Modification , Two ,

© 2025 Vimarsana