Attempting to fix the broken international corporate tax system is a Sisyphean task. But a new model for taxing multinationals put forward by the Biden administration could put the brakes on decades of plummeting tax rates and aggressive planning.
The US blueprint features a 21 per cent global minimum corporate tax rate and a proposal to reallocate some tax paid by the largest, most profitable companies to countries where they make their sales.
It is similar to ideas kicked around by the OECD in recent years. But the push to redistribute a slice of tax revenues would apply to a broader group of businesses. That is likely to make the policy more palatable to US lawmakers as it would no longer discriminate against US digital companies.
您已閱讀32%（743字），剩余68%（1554字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。