20.34 trillion U.S. dollars are combine GDP of them and They are still growing with 41.53% of the world population.So brics will make their own economy
Maybe Rusia and China are powerful enough. The others highly doubt: Brazil India and south Africa
by Jim O’Neill (Former Goldman Sachs Chairman)“The Group of Seven has become increasingly irrelevant in a world of new emerging powers,”
But a small group of psychopathic families, children of the murdering revolutionaries, certainly rule China:I really support china on this "China says small groups do not rule the world"
https://www.washingtonpost.com/opin...b60d7c-506d-11e2-839d-d54cc6e49b63_story.htmlBloomberg reported Dec. 26 on the fortunes of 103 descendants of the revolutionaries revered in China as the “Eight Immortals,” who backed Deng two years after Mao’s death. Three of the descendants headed or still head state-owned companies with combined assets of about $1.6 trillion in 2011, or about a fifth of China’s national output. Twenty-six ran or held top positions in state-owned companies; 43 ran their own businesses or became executives in private firms.
What can I say,But a small group of psychopathic families, children of the murdering revolutionaries, certainly rule China:
https://www.washingtonpost.com/opin...b60d7c-506d-11e2-839d-d54cc6e49b63_story.html
Deng actually moved away from Maos policies and wanted to have more of Hong Kongs system, which they also knew is superior than the state controlled communistic one.But a small group of psychopathic families, children of the murdering revolutionaries, certainly rule China:
https://www.washingtonpost.com/opin...b60d7c-506d-11e2-839d-d54cc6e49b63_story.html
mostly the current first world countries because they already have this setup albeit paid by high taxes. People accept living in shitholes because of tax reasons. There is a reason why millions are trying to get into the EU, because in general it's a good place to live.You raise a good point. Eventually when everyone is paying the same personal and corporate tax rate the factors that will make one choose one country over another will be quality of life. One will go where there is good weather, low crime, cheap lifestyle, good affordable healthcare, low corruption, good infrastructure and lots of amenities. It will be interesting to see which countries would prosper in such a situation.
These reasons are: Africans, Arabs, Asians, with some exceptions of course. They see EU as a place of equality, where they will get FREE healthcare, pension and state education for their kids. I don't think millions of Canadians, Americans, Australians etc. are trying get into EU.mostly the current first world countries because they already have this setup albeit paid by high taxes. People accept living in shitholes because of tax reasons. There is a reason why millions are trying to get into the EU, because in general it's a good place to live.
i was obviously not talking about Canadians, Americans. In general millions are trying to get into first world countries be it EU, USA, Australia because quality of life.These reasons are: Africans, Arabs, Asians, with some exceptions of course. They see EU as a place of equality, where they will get FREE healthcare, pension and state education for their kids. I don't think millions of Canadians, Americans, Australians etc. are trying get into EU.
Because of this UAE was signing within a blink of an eye.Ok so seems it will affect tax wise very large companies only.
And surprise surprise -- Ireland didn't signed
Thanks for the update - in the initial decisions they refused to sign - seems the EU pressure was big.I thought Ireland agreed to sign?
https://www.foxbusiness.com/politics/ireland-sign-global-tax-minimum-caving-pressure
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