Welcome

Global Corporate Taxes Face ‘Revolution’ After U.S. Shift (2)

April 9, 2021, 2:56 PM

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.

Representatives leading the negotiations, led by the Organization for Economic Cooperation and Development, said this week they ...

To read the full article log in. To learn more about a subscription click here.