10. Taxing issues: What’s fair for multinationals?
This episode of The Weekly Tradecast talks about why multinational companies need to pay their fair share of tax, with Bruno Casella, a senior economist in UNCTAD’S investment and enterprise division.
Nobody likes to pay taxes, but giant corporations are adept at moving profits to places where they pay the lowest rates.
To counter that, 140 nations and jurisdictions are working on a deal to enforce a corporate tax rate of at least 15%.
That could bring in extra tax revenue of $150 billion a year.
Tune into the discussion with Mr. Casella to find out what this money would mean for economies hit by the war in Ukraine as they try to recover from COVID-19.