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Storming the Capitol
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<blockquote data-quote="Old Man Jingles" data-source="post: 4890494" data-attributes="member: 18222"><p>Last Saturday ... hardly just in.</p><p></p><p>Representatives from seven of the world's wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the <a href="https://www.commondreams.org/news/2021/04/05/halt-30-year-race-bottom-yellen-calls-global-minimum-tax-corporations" target="_blank">decades-long race to the bottom</a> on corporate taxation.</p><p></p><p>The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still<strong> faces a long road to implementation</strong>, but Saturday's development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes.</p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 4890494, member: 18222"] Last Saturday ... hardly just in. Representatives from seven of the world's wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the [URL='https://www.commondreams.org/news/2021/04/05/halt-30-year-race-bottom-yellen-calls-global-minimum-tax-corporations']decades-long race to the bottom[/URL] on corporate taxation. The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still[B] faces a long road to implementation[/B], but Saturday's development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes. [/QUOTE]
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