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Tuesday, April 6, 2021

The US is imposing its economic policies on the world again!

https://sg.news.yahoo.com/yellen-says-global-minimum-tax-172944769.html

The US wants the world to impose a minimum global corporate tax rate because the US has to increase its corporate tax rate to finance its trillion dollars stimulus packages and welfares.

The developing countries are not welfare states and don't have trillion dollars stimulus packages.  Therefore, it is unfair for these developing countries to have similar corporate tax rates to the US.

Thus, this accentuates again the need for Asia to form an Asian Bloc to protect Asia from unilateral western economic policies.

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