i ve been speaking to daniel bunn at the tax foundation about the significance of this deal. this is a deal, as you mentioned, for a generation or even multiple generations. it s been about 100 years since this sort of agreement has been met and get there is still a lot of road to run as far as implementing the deal by seeing whether countries actually follow through on their commitments and of course the impact on businesses and the global economy. the concern is, i suppose, that a lot of people have been voicing, that the big companies that are being targeted in this the googles and the facebooks they ve found ways to get around things in the past and they may well be able to get around this? that s one of the concerns. now, this deal is targeted certainly at the largest companies and in some of the methods that have been used in the past to shift profits. there are some carveouts for payroll and tangible assets
or even multiple generations. it s been about 100 years since this sort of agreement has been met and get there is still a lot of road to run as far as implementing the deal, seeing whether countries actually follow through on their commitments and, of course, the impact on businesses and the global economy. the concern is, i suppose, that a lot of people have been voicing, that the big companies that are being targeted in this the googles and the facebooks they ve found ways to get around things in the past and they may well be able to get around this? that s one of the concerns. now, this deal is targeted certainly at the largest companies and in some of the methods that have been used in the past to shift profits. there are some carveouts for payroll and tangible assets so where companies are doing real substance, there will not be as much of a new tax burden from this. but generally, the tax taxes are aimed at the larger companies and those that are more able to shift profits
joins me now live. it joins me now live. it certainly joins me now live. it certainly is. this is a deal, as you mentioned, for a generation or even multiple generations. it s been about 100 years since this sort of agreement has been met and get there is still a lot of road to run as far as implementing the deal by seeing whether countries actually follow through on their commitments and of course the impact on businesses and the global economy. businesses and the global economy- businesses and the global econom . . ., . , economy. the concern is, i sunspose. economy. the concern is, i suapose. that economy. the concern is, i suppose, that a economy. the concern is, i suppose, that a lot - economy. the concern is, i suppose, that a lot of - economy. the concern is, i l suppose, that a lot of people have been voicing, the big companies which are being targeted in this, google and facebook, they found ways to get around things in the past and they may well be able to ge
this was a big week for you. you were arrested during a protest for voting rights outside the white house. first of all, ben, why was it important for you to be there? did you accomplish what you set out to do, and tell me what happened when you were arrested. well, going to the last part first, the d.c. city jail really has to deal with the roach infestation. i can t tell you just how nasty it is down there. and a lot of working people getting tortured down there every day. we were there because there has been a year of protests at the capitol outside sinema s office, outside manchin s office, all creating consensus amongst every democrat that we ve got to pass these two bills, the john lewis bill and the freedom to vote bill, and what s holding it back is the filibuster. if you look at the history of breaking through filibusters, gets carveouts, it always requires the president of the
shifting much less attractive. unfortunately, though, what we have seen is the ambition of that deal has really collapsed. ireland signing up is another sign of that. what they see is that the first pillar without making it harder to tax office when they arise instead of applying to multinationals only applies to around 100 multinationals and only a small bit of their profit, so that has really lost a lot of ambition. the global minimum tax now has so many carveouts that it tax now has so many carveouts thatitis tax now has so many carveouts that it is going to make it even for ireland that has a tax rate below that really quite a small impact, and the last thing, what we are seeing is a lot of lower income countries starting to say they might reject this deal now even that to agree injuly because the benefits of them will be so small. unfortunately i think we re going to see a high level statement today where the oecd says, yes, everyone is still with us, but almost all of the