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Global Corporate Taxes Face ‘Revolution’ After U.S. Shift
This content was published on April 9, 2021 - 14:56
April 9, 2021 - 14:56
(Bloomberg)
A surprise U.S. drive to overhaul international corporate taxation promises a new era for governments to capture a bigger tax take from some of the most successful global businesses if only the rest of the world can agree.
Welcoming noises in Europe to Treasury Secretary Janet Yellen’s proposals suggest a good start in shifting what’s been a years-long impasse among more than 135 countries over harmonizing corporate taxes. At stake is shoring up cash-strapped finance ministries bankrolling massive Covid-19 crisis spending. ....

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