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Posted on April 20, 2021. The proposal regarding multinational companies will result in taxation calculated on a country-by-country profit basis. Joe Biden’s administration proposed a new model of international corporate taxation that will affect the world’s biggest corporations by obligating them to pay taxes to national governments according to local sales. This is a part of a larger proposal of a global minimal corporate tax on profits, a Washington initiative. In documents sent to 135 countries, an ongoing effort of international negotiation through the Organization for Economic Cooperation and Development in Paris, reviewed by the Financial Times, the United States Treasury detailed a tax plan that will apply to the biggest companies, including American ones, and their profits, regardless of a company’s physical presence in any given country. The plan could serve as a catalyst for negotiations in OECD and its developed country member-states by promising a stable interna

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