The US is on board for a global corporate tax to lift revenue
By Geraldine Doogue on Saturday Extra
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The UN Secretary General Antonio Guterres has stated that there was a surge of US five trillion dollars in the wealth of the world’s richest in this past year. Most of that comes from large corporations, and some of those corporations, pay minimal tax thanks to various loopholes and tax havens. The OECD has been working on an international tax project and it just received the thumbs up from US Treasury Secretary Janet Yellen who said they were behind a minimum corporate global tax. Kenneth Rogoff, Harvard Economist and Professor of Public Policy and former Australian Treasurer and President of the ALP Wayne Swan who is also a member of the Independent Commission for the Reform of International Corporate Taxation discuss the possibilities and what this means for global inequality.
Duration: 15min 48secBroadcast: Sat 17 Apr 2021, 8:05am