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Drudge Retort: The Other Side of the News
Friday, October 08, 2021

The Organisation for Economic Cooperation and Development on Friday announced a landmark agreement to overhaul international tax rules, with more than 130 nations agreeing to a 15% global minimum corporate tax rate and other policies aimed at cracking down on tax avoidance.

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...Negotiations, which have lasted for years, were bolstered by the support of President Biden and Treasury Secretary Janet Yellen, as well as the unprecedented costs of the COVID-19 pandemic.

"Today's agreement will make our international tax arrangements fairer and work better," Mathias Cormann, OECD's secretary general, said in a statement. "We must now work swiftly and diligently to ensure the effective implementation of this major reform."...


#1 | Posted by LampLighter at 2021-10-08 10:21 PM | Reply

So this is good news?

#2 | Posted by Tor at 2021-10-08 11:29 PM | Reply

Sort of like the Geneva Conventions, this will be a guideline with no teeth of enforcement, right?

#3 | Posted by GOnoles92 at 2021-10-09 09:16 AM | Reply

so this will stop/head-off the US from taxing the wealthy?

#4 | Posted by ichiro at 2021-10-09 10:12 PM | Reply

"So this is good news?"

Yes

#5 | Posted by jamesgelliott at 2021-10-10 08:46 AM | Reply

So this is good news?

It's excellent news for the corporations.

Meanwhile if you make $130,000 as a self employed person enjoy your 46% rate.

The uber wealthy will still find ways to hide their money in tax havens.

#6 | Posted by Nixon at 2021-10-11 07:16 AM | Reply

"The uber wealthy will still find ways to hide their money in tax havens."

Which is why I have repeatedly said ALL deductions need to be capped. The Trump SALT changes were great, but the left is determined to give a tax break to the wealthy by repealing it.

#7 | Posted by jamesgelliott at 2021-10-11 04:20 PM | Reply

"Which is why I have repeatedly said ALL deductions need to be capped."

LOL. The only deductions that are capped are the ones available to regular people.

#8 | Posted by snoofy at 2021-10-11 04:36 PM | Reply | Newsworthy 1

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