Inside Sources: Proposed International Taxes Would Devastate Consumers

In January 2019, the Organization for Economic Co-operation and Development (OECD) announced its intention to move negotiations forward on the development of a new global minimum corporate tax rate. Under the proposed rule, OECD members would be required to tax corporations headquartered within their borders a specific minimum rate on profits made internationally. The OECD claims a minimum corporate tax […]

The Hill: Rich Nations Benefit, But Poor Suffer From Tax Scheme

As the Organization for Economic Co-operation and Development (OECD) works to reach a consensus on establishing a global minimum corporate tax rate, the administration is making its voice heard. Last month, the U.S. shook up global tax negotiations by proposing a hefty rate of 21 percent, a figure which is significantly higher than the 12.5 percent rate previously discussed at the […]

OECD Agreement Would Inflict Harm on Consumers

A proposed digital global tax on large tech corporations will be an important agenda item at the next meeting of G-20 finance ministers and central bankers scheduled to take place on April 7th. If an agreement is reached, member nations would place a new tax on large U.S. tech companies like Apple, Google and Amazon […]

New International Tax Plan Will Come at the Expense of Consumers

Efforts in the last couple of years to produce a new international tax plan to deal with the growth and effects of the digital economy may soon become a potential windfall for many international governments. As countries struggle across the globe from the COVID-19 health crises and the economic turmoil, these countries find themselves needing […]