Joe Biden calls for a global minimum tax of 21% to minimize competition from other countries as well as minimize domestic economic damage from a large increase in US corporate tax.
22nd April 2021 | 14:27
Joe Biden has called for a global minimum tax of 21 per cent as a way to minimize competition from other countries, such as Ireland and minimize domestic economic damage from a large increase in US corporate tax.
Biden seems to be in overreach mode at the moment with his insistence that the rest of the world follow in his footsteps when it comes to Climate and global tax rules.
It would seem when it comes to these global tax rules, Ireland is certainly number one on the hit list.
For the last 20 years Ireland has had a simple message: invest here and you will pay just 12.5% tax on your Irish profits.
Blake Christian, a Partner at Holthouse Carlin & Van Trigt joins us to talk about Biden’s global reach.
Asia Pacific Today – 22nd April 2021
