- July 6, 2021
- Posted by: Stratford Team
- Category: Business
Former Wisconsin Congressman Sean Duffy and Payne Capital Management President Ryan Payne discuss a new report from the Tax Policy Center on how many Americans could be impacted by tax hikes under President Biden.
A group of 130 nations reached a groundbreaking agreement last week for a global minimum tax rate on corporations, but the tentative deal has been complicated by a handful of countries that refused to endorse the blueprint.
Treasury Secretary Janet Yellen announced Thursday that 130 of the 139 countries in the Organization for Economic Cooperation and Development agreed to a long-sought conceptual framework to overhaul the global tax system, including a minimum rate of at least 15% on multinational corporations, regardless of where they operate.
But nine countries – Barbados, Estonia, Hungary, Ireland, Kenya, Nigeria, Sri Lanka, St. Vincent, Peru and the Grenadines – did not sign the tentative framework.
BIDEN’S PROPOSED 39.6%…
