Countries Begin To Reject Biden’s ‘Global Minimum Tax’

Nine countries are rejecting the Biden administration’s proposed “global minimum tax.”

During last month’s meeting of the G7, President Biden and other world leaders endorsed a “strong global minimum tax” of at least 15%. The White House called the policy “a critical step towards ending the decades-long race to the bottom that pushes nations to compete over who can offer the lowest tax rate to large corporations at the expense of protecting workers, investing in infrastructure, and growing the middle class.”