Global Tax Rate, Explained

Andreas Hellmann,

Release Date
August 26, 2021


Economics Free Markets and Capitalism Free Trade Government

The G7 recently reached a historic decision favoring a global corporate tax rate, aligning interests from the US government and the European Union. They want to change how corporations pay their taxes and eliminate the competition between countries with lower rates. What is behind this decision? What are the possible consequences of implementing a global tax? But most importantly, why is this such a terrible idea?

#GlobalTax #EuropeanUnion #JoeBiden