“Already agreed, needs enforcement”
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What people are actually saying
· A progressive consumption tax or a luxury tax on extreme spending. · Reforming estate taxes on multi-million dollar inheritances. · Global minimum tax on corporations: To stop a "race to the bottom" where countries compete to offer the lowest tax rates to big companies.
@RubenGallego We need a global agreement on minimum corporate tax and heavily ostracize nations that don't partake. The race to the bottom has only enriched corporations.
the global minimum tax the OECD pushed is the biggest scam - liberals hate when corporations behave as cartels, but have no problem when states do it. this is anticompetitive behavior: countries should have to compete for capital and labor, thats how you keep them honest
The grand global tax plan? Crushed by the U.S. 🇺🇸. In 2021, over 130 countries aimed to hit giant corporations with a 15% minimum tax, stopping them from dodging through offshore loopholes. Sounds fair, right? Except… American multinationals just got a free pass. Trump waved hi…
U.S. Multinationals Exempted from OECD Global Minimum Tax Deal — A newly finalized OECD global tax agreement now exempts U.S.‑based multinational corporations from the previously agreed 15% minimum tax, a major shift in international tax rules . #GlobalBusiness #TaxPolicy