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Global Minimum Tax Rate Bad for Free Market, National Sovereignty: Economists Unelected, unaccountable bureaucrats trying to undermine national sovereignty. Economists are sceptical of the Biden administration’s push for a global minimum tax rate for corporations, saying not only will it “frustrate” the free market, but it will see very little support from foreign governments. “At the end of the day, any international agreement is essentially toothless due to the existence of national sovereignty,” Gigi Foster, professor of economics at the University of New South Wales (NSW) told The Epoch Times. “The incentive for individual countries to offer appealing tax treatment will remain, no matter how strong the international pressure on a country to conform to some nominated standard,” she added.

River liffeyDublin cityUnited statesWhite houseDistrict of columbiaAustralian capital territoryRepublic of irelandJanet yellenBruno le maireJosh frydenberg mathias cormannOlaf scholzRobert carlingMathias cormannJosh frydenbergAlex wong gettyJoe biden