Business
A grand bargain: how the radical US corporate tax plan would work – Financial Times
Washington’s bid to break OECD talks deadlock threatens to put tax havens out of business
For decades the international corporate tax system has irritated almost everyone — apart from shareholders of the world’s largest multinationals and countries with low tax rates.
As companies’ share of profits in the global economy has risen and wages have fallen, large countries have found it ever harder to tax those profits.
That could finally change under proposals outlined by Joe Biden’s US administration in a 21-page document sent to more than 100 countries on Thursday, which the FT obtained…
