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TEXXR

Chronicles

The story behind the story

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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

Discussion

  • @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/...
  • @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.
  • @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…
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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…
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @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/...
  • @markscott82 Mark Scott on x
    BREAKING: global tax deal is done. https://twitter.com/...