The OECD’s global minimum tax regime is falling apart again today. There couldn’t be better news…
135 countries agreed to join a tax cartel in 2021 which has never actually come into force. The point of the cartel is to prevent tax competition…
China is leading an effort to block Trump’s attempt to exempt US companies from rules that would assign taxation of global profits. This has prevented changes to the agreement from going live yesterday. The FT reports that the Czech Republic, Estonia, and Poland have also registered their opposition…
A primary pillar of the agreement is a coordinated 15% global minimum tax on large multinational companies. Sadly for the cartel’s designers in the US, national interest has got in the way again…
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