David Hartung
2021-10-08 23:57:53 UTC
https://thehill.com/policy/finance/575962-136-countries-agree-to-deal-on-global-minimum-tax
[...]
The Organization for Economic Cooperation Development (OECD) announced
Friday that 136 countries have agreed to a deal on a global minimum
corporate tax of 15 percent.
The deal is a top priority for the Biden administration, which sees the
international tax agreement as a way to prevent U.S. companies from
becoming less competitive if lawmakers raise the U.S. corporate tax rate.
"This international agreement is proof that the rest of the world agrees
that corporations can and should do more to ensure that we build back
better," President Biden said in a statement.
[...]
Biden chooses to undercut our national sovereignty. Fortunately this
requires a treaty and a treaty must be approved by two thirds of the Senate.
[...]
The Organization for Economic Cooperation Development (OECD) announced
Friday that 136 countries have agreed to a deal on a global minimum
corporate tax of 15 percent.
The deal is a top priority for the Biden administration, which sees the
international tax agreement as a way to prevent U.S. companies from
becoming less competitive if lawmakers raise the U.S. corporate tax rate.
"This international agreement is proof that the rest of the world agrees
that corporations can and should do more to ensure that we build back
better," President Biden said in a statement.
[...]
Biden chooses to undercut our national sovereignty. Fortunately this
requires a treaty and a treaty must be approved by two thirds of the Senate.