Discussion

• @secyellen Secretary Janet Yellen on x

  Today is an historic day for economic diplomacy. For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom:

• @markscott82 Mark Scott on x

  Giddy up — world's major economies back global tax overhaul despite vocal opposition from low-tax regimes like Ireland and Barbardos. W/ @bsmithmey https://pro.politico.eu/... 130 countries signed up to the pact. 9 (low-tax) countries did not.

• @bran_che Branimir Jovanovic on x

  130 economies support the global minimum corporate tax of 15%. 9 do not: Ireland, Hungary, Estonia, Barbados, Saint Vincent & Grenadines, Kenya, Nigeria, Peru and Sri Lanka. Good news, but without sanctions on the 9, I don't see how this could succeed. https://www.oecd.org/...

• @o_merk Olaf Merk on x

  International shipping income will be excluded from global minimum tax https://twitter.com/...

• @aranchaglezlaya @aranchaglezlaya on x

  Big step forward ▶️ agreement that the economic recovery needs to be built on fairer taxation systems for multinationals and digital platforms https://twitter.com/...

• @nadiacalvino @nadiacalvino on x

  Unprecedented step towards fairer international taxation. Spain is committed to reaching an agreement at the @g20org meeting next week in Venice. https://twitter.com/...

• @fborgesius Frederik Zuiderveen Borgesius on x

  OECD: “130 countries and jurisdictions, representing more than 90% of global GDP, joined the Statement establishing a new framework for international tax reform” https://www.oecd.org/...

• @markscott82 Mark Scott on x

  Expanded version of how a few low tax countries balked at a global deal to rewrite the world's tax rules for the first time in decades. W/ @bsmithmey https://www.politico.eu/...

• @stasvijlbrief Hans Vijlbrief on x

  The Netherlands welcomes this historic @OECDtax agreement, supported by an overwhelming number of countries🤝 In this way we can effectively tackle #tax avoidance together! I am committed to work out the details quickly towards October. https://twitter.com/...

• @oecd_washington OECD Washington on x

  🆕 After years of intense negotiations, 130 countries and jurisdictions have joined a historic package to reform the international #tax rules with a global minimum tax of at least 15% and new reallocation of taxing rights to market countries➡️ https://www.oecd.org/... https://twit…

• @mathiascormann Mathias Cormann on x

  In @OECD @g20 Inclusive Framework meeting today, 130 countries & jurisdictions (>90% of global GDP) join important agreement on international #tax reform, to ensure multinational companies pay their fair share of tax wherever they operate. https://www.oecd.org/...

• @rishisunak Rishi Sunak on x

  At the @G7 we achieved a historic agreement for multinational tech giants pay the right tax in the right countries. 130 countries across the world, including all of the G20, are now on board, marking a further step in our mission to reform global tax. https://www.oecd.org/... htt…

• @eschulze Elizabeth Schulze on x

  The OECD says 130 countries have now agreed to a 15% global minimum corporate tax rate. Countries on the list: Luxembourg, Bermuda, the Netherlands, China, India, the U.S. Not on the list: Ireland https://www.oecd.org/...

• @ustreasury Treasury Department on x

  “Today's agreement by 130 countries representing more than 90% of global GDP is a clear sign: the race to the bottom is one step closer to coming to an end.” @SecYellen's statement on today's agreement to support a global minimum corporate tax: https://home.treasury.gov/... https…

• @secyellen Secretary Janet Yellen on x

  Who could lower their corporate rate further & faster? No nation has won this race. Lower tax rates have not only failed to attract new business, they've also deprived countries of funding for important investments like infrastructure, education, & efforts to combat the pandemic.

• @secyellen Secretary Janet Yellen on x

  In its place, America will enter a competition that we can win; one judged on the skill of our workers & the strength of our infrastructure. We have a chance now to build a global & domestic tax system that lets American workers & businesses compete and win in the world economy.

• @secyellen Secretary Janet Yellen on x

  In the United States, this agreement will ensure that corporations shoulder a fair share of that burden. Today's agreement by 130 countries representing more than 90% of global GDP is a clear sign: the race to the bottom is one step closer to coming to an end.

• @katedavidson Kate Davidson on x

  NEW from @PaulHannon29 and me: The U.S. has won international backing for a global minimum tax from 130 OECD countries, including all G-20 nations, according to people familiar. IN: China, India OUT: Ireland More TK