The U.S. government wants to impose a global minimum tax rate for internationally active corporations of at least 15 percent. That's what U.S. representatives proposed during negotiations at the Organization for Economic Cooperation and Development (OECD), the Treasury Department said yesterday. The 15 percent is "a floor, and discussions should continue to be ambitious to increase the tax rate," it said.
The EU has so far avoided a precise definition of the minimum tax. The Netherlands, Luxembourg and Ireland in particular are holding back because they have comparatively low tax rates.
In any case, this would be a great step towards tax justice and the prevention of tax evasion. I'm glad that the U.S. wants to get back to improving tax fairness in a sustainable way with the current administration. I think the other countries will then follow suit.
Hello Michael,
In any case, this would be a great step towards tax justice and
the prevention of tax evasion. I'm glad that the U.S. wants to
get back to improving tax fairness in a sustainable way with the
current administration. I think the other countries will then
follow suit.
That would definitely be an improvement from what we have now.
The economy is for the person, not the other way around.
Corporations are people. So, they should be treated as such.
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