G7’s Global Tax Plans Threaten Prosperity Worldwide

The American Conservative

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Mixed Factuality

G7’s Global Tax Plans Threaten Prosperity Worldwide

The G7’s agreement on U.S. President Joe Biden’s global minimum tax is a looming threat to international tax competition at a time when it is needed more than ever. Now that the world’s major economies have agreed to the key principles of Biden’s proposals, there will no doubt be immense pressure on the rest of the international community to sign up, too. For the sake of economies across the globe, let’s hope this misguided tax scheme is met wit…