Business
Biden’s tax plan could get Mathias Cormann off to a flying start at the OECD – Sydney Morning Herald
The prospect of a global agreement on a minimum corporate tax rate this year has been strengthened by the US government’s search for revenue to fund its $2.9 trillion…
Yellen vowed to work with the G20 to agree on a global minimum corporate tax rate that can stop the race to the bottom.
Together we can use a global minimum tax to make sure the global economy thrives, based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity, she said.
Over the past four decades or so, as globalisation and tax havens spread, corporate tax rates in the developed world have nearly halved as countries competed for…
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