Morning Consult — OECD Tax Plan: Joe, Just Say No

As President-elect Joe Biden prepares to take office and make good on his promise to reverse the Trump tax cuts, he should do everything within his power to avoid piling on with a heavy dose of new international taxes. With the United States squarely in its sights, a recent Organization for Economic Cooperation and Development tax proposal aims to transfer taxing rights between nations, target the profits of large technology companies and other multinational companies, and impose a minimum tax rate across borders.

By raising international taxes and limiting competition, this plan runs counter to the OECD’s goal to “stimulate economic progress and world trade.” When it comes to the OECD tax scheme, Joe, for the sake of consumers, just say no.

Read the Morning Consult for the full article.

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