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Cake day: March 11th, 2024

  • Volkswagen argues it is not liable to pay higher taxes as it did not import car parts together as a single “kit”, but instead shipped them separately, combining them with some local components to make a car.

    Common tactic car manufacturers also use in the US to get around tariffs and taxes.

    This, the Indian authorities said, was “a ploy to clear the goods without the payment of the applicable duty.”

    The Federal government should do this in the US.

    The tax notice “deals a body blow” to the much-advertised “policy of ease of doing business in India for foreign investors,” the company said.

    India has always been difficult for western corporations to do business there. However, western corporations are also notorious for exploiting every rule and regulation they are able to for profit, with complete disregard to the consequence for the rest of society.

    The economy of India has drastically change with their current government and is more encouraging to bring foreign corporations to start companies in India, I curious on the outcome of this conflict. I suspect Volkswagen might have a partial win in Indian courts, where they only have to pay some additional taxes, but not the full amount ask by the Indian government.





  • Technically it’s western hegemony. US alone isn’t capable of a global economy hegemony, despite being the largest economy in the western hemisphere. Rather it’s always that EU aligns their policy with the US government.

    Besides that, I don’t think it will happen. Only Brazil is making this proposal, the other BRICS nations aren’t interested. They aren’t looking to quickly break western hegemony either.

    It’s clear to everyone that western hegemony is coming to an end, and these larger BRICS nations seem content to let it happen gradually rather than make a direct effort to end it quickly.


  • But the main BRICS countries have been creating new payment methods for a while now, with a few successes.

    Their alternatives to SWIFT is very successful, it’s how both Russia and China have made themselves immune to the secondary effects of western sanctions against Russia. However besides the international transactional agreement, only Brazil have proposed an alternative to US currency, but the other nations have no interest in this.

    IMHO, it’s probably because Brazil is most vulnerable to the US dollar. The economies of China, India, Russia and SA are not as dependent on the US dollar, since they also trade significantly with non-western nations.


  • It’s not “China” that get’s away with anything, but the Western media that’s branding them as “Communist” as a form of derogatory propaganda to mark them a copy cat of the USSR.

    Right from beginning China has always called themselves “PRC”. People’s Republic of China. They are a dictatorial republic akin of Cesar’s Roman Empire, with a government structure based off communist ideology. But their economic policy have always shifted with the times, it was similar to the USSR when they were the fastest growing economy, and now similar to the US.