Build Back Better offers a first step toward meaningfully curbing tax-haven abuse, protecting American jobs, and beginning to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections.
Senator Van Hollen joined the Financial Accountability and Corporate Transparency (FACT) Coalition for the launch of the 2021″State of Tax Justice” Report
Casey Michel’s new book, “American Kleptocracy” (released Nov. 23), is an investigative look into how the U.S. built “the largest illicit offshore finance system the world has ever known” and how this system has “infected American politics, threatened US national security and gouged local communities.”
The tax justice movement is gaining steam as the international community strikes a historical tax deal, a key first step towards equitable global taxation reform.
and Oxfam America to discuss the impact that a global agreement on the taxation of multinational companies would have on the U.S. economy.
A two-pillar framework agreed to by the OECD for taxing large multinational corporations represents a paradigm shift in the way that these companies are taxed—allocating the right to tax certain excess profits of very large companies to “market” jurisdictions and creating a global minimum corporate tax— but concerns about the long-term political viability of the proposal merit consideration.
