Didier Jacobs News Today

All the world may be a stage, but some of the players hold a lot more wealth and power than others. Why does this happen, and how do we recalibrate the balance? We've said it before, we'll say it again: Tax the rich. Tax the corporations.

Parties to the deal include all nations in the Group of 20, European Union and OECD

A vast overhaul of corporate taxation has won support from 136 countries, as nations resolved key differences over a global minimum rate and an end to new digital taxes that the United States has deemed discriminatory.

(Bloomberg) -- A vast overhaul of corporate taxation won support from 136 countries, as governments resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. has deemed discriminatory. After years of missed deadlines and wrangling over how to handle tech firms such as Facebook Inc. and Alphabet Inc.’s Google, Friday’s deal included a 15% minimum rate for corporations and the main parameters of how much profits of the 100 or so biggest mult...

The deal, supported by 136 countries, includes a 15 per cent minimum rate for corporations, which could bolster governments’ incomes by $205 billion a year.

Republicans warned the Biden administration against “circumventing the Senate’s constitutional treaty authority.”