Global Minimum Tax Rate Bad for Free Market, National Sovereignty: Economists
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...