Dawn chorus: Biden throws tech giants under global tax bus
America to propose multi-nationals pay levies to nations based on sales in those countries as part of push for minimum corporate tax; Luxon rents two of his seven properties back to Govt
TLDR: US President Joe Biden will propose to the OECD that multi-nationals pay levies to nations based on sales in each country as part of a drive to set a minimum corporate tax rate globally at 21%, the FT reported this morning. Here’s my comment piece on this new plan with my weekly ‘When the facts change’ podcast out this morning via The Spinoff.
This…
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