Biden Speech G7 Outcome: Democracies, Taxes, and Timing

President Biden discusses the commitments agreed upon between the U.S. and its partner nations. It appears from his discussion there is a need to create a more inclusive economy. The emerging digital economy platforms will allow countries to conduct and coordinate business internationally with much more ease. This could be an opportunity for the U.S. to realign countries and reorient supply chains back toward the U.S. (I guess that depends on how you do it? 🤷)

There was also some discussion on the international tax commitment. There have been companies moving overseas and leaving the U.S. and Europe while still benefiting from the lifestyle and introduction here. To stop firm rate jumping means providing value more than taxes alone. Countries are total packages that range from the skill of law enforcement/justice system all the way over how our education functions and moving into other sectors such as infrastructure/shipping/internet. 

Here is a calibrated tax plan I was starting to work on that included a "home" rate for companies that are located here and an "international" rate for those who are using the benefits of the nation (i.e. infrastructure, justice system, patent protections, infrastructure, labor skill, etc...). No idea if it would work but so far it looks promising. Perhaps its possible to encourage companies to bring their HQ and intellectual capital back to obtain the advantages of the lower rate and superior business environment. A few ideas I think are starting to connect together into a bigger innovation cluster research on returning manufacturing to the U.S. See G7 Tax, See Pure Michigan Tax Return, See Perpetual Sustainable Development, See Lower HQ Tax, See Attracting SME Delta County, See Attracting Start-Up Delta County, See Attracting MNC to US, 

You have to watch the video yourself....