A global minimum tax on the largest corporation could bring world closer to economic equality. John Iadarola and Jeff Waldorf break it down on The Damage Report.
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Read more here: https://www.theguardian.com/business/2021/jul/01/global-tax-reform-130-countries-commit-to-minimum-corporate-rate
"Efforts to force multinational companies to pay a fairer share of tax have taken a decisive step forward after 130 countries and jurisdictions agreed to plans for a global minimum corporate tax rate.
In a landmark moment for the world economy, the Organisation for Economic Co-operation and Development (OECD) issued a statement committing each of the countries to a two-pillar plan to radically reshape the global tax system.
Building on an agreement between the G7 in London last month, the latest breakthrough brings together all of the nations in the G20 group of the world’s biggest economies, including China, India, Brazil and Russia."
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