{"id":20259,"date":"2021-10-08T14:55:10","date_gmt":"2021-10-08T21:55:10","guid":{"rendered":"https:\/\/setapartbytruth.org\/wordpress-watchman\/?p=20259"},"modified":"2021-10-08T14:19:06","modified_gmt":"2021-10-08T21:19:06","slug":"global-corporate-tax-deal-nears-as-holdouts-drop-objections","status":"publish","type":"post","link":"https:\/\/setapartbytruth.org\/wordpress-watchman\/global-corporate-tax-deal-nears-as-holdouts-drop-objections\/","title":{"rendered":"Global Corporate Tax Deal Nears as Holdouts Drop Objections"},"content":{"rendered":"

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Newsmax – October 8, 2021<\/p>\n

A global deal to ensure big companies pay a minimum tax rate of at least 15% and make it harder for them to avoid taxation is set to be finalized on Friday after Ireland, Estonia and Hungary agreed to sign up, leaving a few holdouts isolated.<\/p>\n

The agreement aims to end a four-decade-long “race to the bottom” by governments that have sought to attract investment and jobs by taxing multinational companies only lightly and allowing them to shop around for low tax rates.<\/p>\n

Negotiations have been going on for four years, moving online during the pandemic, with support for a deal from U.S. President Joe Biden and the costs of COVID-19 giving additional impetus in recent months. Some 140 countries are now involved.<\/p>\n

The Paris-based Organisation for Economic Cooperation and Development, which has been leading the talks, is due to announce the outcome of Friday’s discussions around 1600 GMT.<\/p>\n

The agreement will set a minimum corporate tax rate of 15% and let governments tax a greater share of foreign multinationals’ profits.<\/p>\n

It aims to prevent big groups from booking profits in low-tax countries like Ireland regardless of where their clients are, an issue that has become ever more pressing with the rise of tech giants that easily do business across borders.<\/p>\n

https:\/\/www.newsmax.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Newsmax – October 8, 2021 A global deal to ensure big companies pay a minimum tax rate of at least 15% and make it harder for them to avoid taxation is set to be finalized on Friday after Ireland, Estonia and Hungary agreed to sign up, leaving a few holdouts isolated. The agreement aims to … Continue reading Global Corporate Tax Deal Nears as Holdouts Drop Objections<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[18],"tags":[16188,16190,14931,16189],"class_list":["post-20259","post","type-post","status-publish","format-standard","hentry","category-warning","tag-global-deal","tag-global-tax","tag-joe-biden","tag-minimum-tax"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-5gL","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/20259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=20259"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/20259\/revisions"}],"predecessor-version":[{"id":20261,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/20259\/revisions\/20261"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=20259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=20259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=20259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}