How would a global minimum tax work and why is it needed? - short news
The Biden administration wants to end profit-shifting to tax havens by big tech firms and other multinationals
Tax systems around the world have been increasingly left behind in recent years by the rise of globalisation and digital media companies such as Google, Amazon, Apple and Facebook. They are firms operating across international borders that can shift profits around to exploit the most attractive low-tax locations.
Related: UK house prices hit record high a year after..
source: The Guardian - 09.04.2021