G7 Backs Biden Global Tax plan that will prevent American companies from Tax dodging around the globe.

[Goukosan 2,249]

This will stop American companies from  dodging paying taxes to the American government and stop short changing the American People. 

 

This takes aim directly at "big tech". 

 

Thanks President Biden, this is what a real president looks like

 

 

 

 

 

"Finance ministers from the Group of Seven (G7) nations have put their support behind the Biden administration's ambitious plan to overhaul the global tax system, backing a minimum tax of at least 15% on corporate earnings." 

 

"The agreement was made during a G7 meeting of finance ministers in London, attended by US Treasury Secretary Janet Yellen, where she sought backing for the administration's efforts to rewrite international tax rules and discourage American companies from booking earnings abroad"

 

"That global minimum tax would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the U.S. and around the world," she said, adding that the tax would also level "the playing field for businesses and encouraging countries to compete on positive bases, such as educating and training our work forces and investing in research and development and infrastructure."