‘Not Worth The Paper It Is Written On’: Here Are The Problems With Biden’s ‘Global Minimum Tax’
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Opinion

‘Not Worth The Paper It Is Written On’: Here Are The Problems With Biden’s ‘Global Minimum Tax’

Ben Zeisloft

President Biden is rallying G7 nations to set a “global minimum tax” of 15% on corporations. 

The G7 — an informal “Group of Seven” wealthy nations consisting of Germany, Italy, the United Kingdom, France, Japan, Canada, and the United States — is meeting on Friday for the first time since President Biden assumed office. In addition to climate change and the rise of China, world leaders will discuss an international 15% floor on corporate taxes.

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