136 countries including US, China, India, and every EU country agree to set a 15% minimum tax rate for corporate profits; the deal still requires G20 approval
Politico
Related Coverage
- International community strikes a ground-breaking tax deal for the digital age OECD.org
- Corporate Taxes Poised to Rise After 136-Country Deal Wall Street Journal
- Brady, Crapo: Biden Global Tax Deal Puts Politics Over Progress, Surrenders Fate of U.S. Economy to Foreign Competitors The United States …
- Nearly 140 nations - from US and UK to Europe, China and India - back 15% minimum corporate tax rate The Register
- World leaders reach landmark deal on a global corporate tax rate CNBC
- View article New York Times
- The biggest win in the global minimum tax deal is a return to multilateralism Quartz
- Over 130 countries agree to deal on global corporate tax rate Axios
- View article New York Post
- 136 nations agree to biggest corporate tax deal in a century Financial Times
Discussion
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@secyellen
Secretary Janet Yellen
on x
Today's agreement represents a once-in-a-generation accomplishment for economic diplomacy. We've turned tireless negotiations into decades of increased prosperity - for both America and the world. My statement on the OECD Inclusive Framework Announcement: https://twitter.com/...
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@mikecrapo
Senator Mike Crapo
on x
Rather than securing an agreement with @OECD that would provide certainty and immediately eliminate digital services taxes, the Administration has instead used this global forum to advance its short-sighted domestic tax agenda.
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@vdombrovskis
Valdis Dombrovskis
on x
A historic moment for global taxation! I welcome excellent news from @OECD on agreement on minimum corporate rate internationally ✅halts ‘race to the bottom’ on global tax ✅fairer tax paid by companies wherever they operate ✅stops harmful competition on tax between countries http…
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@jechalmers
Jim Chalmers MP
on x
Important and welcome progress. Still work to be done here in Australia to ensure multinational corporations pay their fair share of tax. #auspol #ausecon International community strikes a ground-breaking tax deal for the digital age - OECD https://www.oecd.org/...
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@stephenwertheim
Stephen Wertheim
on x
A significant achievement that gives substance to the Biden administration's “foreign policy for the middle class”: https://www.nytimes.com/...
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@senwarren
Elizabeth Warren
on x
Giant corporations aren't paying their fair share. But demand to make them pay is growing and growing. https://www.nytimes.com/...
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@ramonlobo
@ramonlobo
on x
An agreement among 136 countries seeks to set a global minimum tax to deter tax avoidance by big multinationals. Officials see challenges in implementing the accord, particularly in the U.S. https://www.wsj.com/...
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@sentoomey
Senator Pat Toomey
on x
Senators @MikeCrapo, @SenatorRisch, & I are extremely concerned the Biden admin may bypass the Senate treaty process on this destructive global tax policy. A bilateral/multilateral tax treaty would require Senate advice, consent, & 2/3 vote of approval. https://www.finance.senate…
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@richardattiasas
@richardattiasas
on x
136 countries have agreed to the most sweeping overhaul of global tax rules in a century. #WeNeedToTalk https://www.wsj.com/...
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@wsjecon
@wsjecon
on x
The agreement among 136 countries seeks to set a global minimum tax, but officials see challenges in implementing the accord https://www.wsj.com/...
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@richardrubindc
Richard Rubin
on x
136 countries are on board for this phase of the OECD global tax deal. On to more details/negotiations + Congress. From @PaulHannon29 and me: https://www.wsj.com/...
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@paulkrugman
Paul Krugman
on x
This big deal is a big deal. A major crackdown on tax avoidance, with havens like Ireland signing on 1/ https://www.cnbc.com/...
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@jasonfurman
Jason Furman
on x
Huge and great news! The OECD concluded an agreement on a 15% global minimum tax. I'm surprised and impressed by how quickly this came together, a big step forward for more efficient and effective tax systems around the world. Now need to pass it here! https://www.oecd.org/...
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@feliciawongri
Felicia Wong
on x
Yes - this is a huge win. Governance can work for the public good. H/t everyone on Team Biden who led on this. Now let's make it law, for our economy and for our democracy. https://twitter.com/...
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@markscott82
Mark Scott
on x
BREAKING: global tax deal is done. https://twitter.com/...