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Profitability Threshold - Tax - United States

Profitability Threshold - Tax - United States
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Can President Biden deliver on global tax reform?


On global tax reform, the key question is whether US President Joe Biden will be able to persuade Congress to support the changes needed to implement a global plan to tax multinationals more fairly, writes Dick Roche.
Dick Roche is a former Fianna Fáil politician. He was the minister of state for European affairs when Ireland conducted the two referendums on the Treaty of Lisbon of the European Union, in 2008 and 2009.
When the OECD launched its Base erosion and profit shifting (BEPS) taxation initiative, the Obama administration, while supportive of the project’s aims, was cautious. The US lead negotiator commented that in the BEPS process every other country wanted the US “to pay for lunch.” ....

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