Orbán first objects, then accepts global minimum tax proposal

One major goals of the Biden administration was to overhaul international tax rules and establish a 15 percent global minimum tax.  The US wanted to reverse a decades-long race to the bottom of corporate tax rates after many major corporations shifted headquarters and profits to low-tax jurisdictions, depriving countries of much needed tax money to build new infrastructure, support education […]

by · October 10, 2021 · Politics