A deal on a Global Corporate Tax Rate is Set!
As if stagflation with a carbon Tax is not enough, the oligarchical powers to be, have put into place a 15% tax on consumers, for whom do you think pay taxes when consuming products and services?
Well it's certainly not The CEO and governing board of International corporations! 😁
The group of developed nations agreed to a global minimum corporate tax rate of 15%. This marks a huge shift for smaller economies, such as the Republic of Ireland, which have attracted international firms — to a large extent — via a lower tax rate.
“The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever they operate and generate profits,” the OECD said in a statement Friday.