The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.
Well, sort of. There are plenty of laws that don’t need to be accepted by all UN member states, in order to be effective.
If you get a majority of states, the UN can maybe make it official law for all UN member states. This opens up the possibility of international sanctions being placed on all states that don’t follow the law.
Certainly, even if every rich guy and shady corp in the world placed their hidden wealth in your country; you might still want to be allowed to trade with other countries, and not have your government leaders jailed if they ever set foot outside of your borders
Hurray! Now we just need the majority of other states, too. It’s certainly a step towards a brighter future
Wouldn’t you need effectively all states?
Well, sort of. There are plenty of laws that don’t need to be accepted by all UN member states, in order to be effective.
If you get a majority of states, the UN can maybe make it official law for all UN member states. This opens up the possibility of international sanctions being placed on all states that don’t follow the law.
Certainly, even if every rich guy and shady corp in the world placed their hidden wealth in your country; you might still want to be allowed to trade with other countries, and not have your government leaders jailed if they ever set foot outside of your borders