Re:G7: Rich nations back deal to tax multinationals
by lukeschlather on Saturday June 05, 2021 @04:52PM
(#27408373)
> The agreement in principle was reached by someone who has no power to do anything with regards to corporate taxes
I think you are considerably understating the power of the G7 finance ministers including the US Secretary of the Treasury. Sure, they can't ratify a treaty without the cooperation of congress. They're still extraordinarily powerful individuals and have loads of direct authority to shape tax policy.
I think you are considerably understating the power of the G7 finance ministers including the US Secretary of the Treasury. Sure, they can't ratify a treaty without the cooperation of congress. They're still extraordinarily powerful individuals and have loads of direct authority to shape tax policy.