Biden and Janet Yellen Are Pushing a Global Minimum Tax Rate. The EU Is Very Pleased.
It has long been a dream of central planners and interventionists to set a global, uniform tax rates for all regimes. These globalists know that so long as sovereign states have the ability to freely set their own tax rates, some regimes are tempted to engage in “tax competition” in order to attract capital. When this happens “tax havens” which allows companies and individuals to “shop around” in terms of where to put their productive wealth. The antidote to this “problem,” we are told, is so-called tax harmonization. Under tax harmonization schemes, all governments are forced...