Tributes for Putin and Xi

John Müller

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I suspect that if there is something that the world’s politicians can agree on, it is to set a minimum corporation tax for the entire planet. It has been requested by the Secretary of the Treasury of USA, Janet Yellen; the OECD who has been coordinating a plan for years through the program BEPS (Base Erosion and Profit Shifting, in Spanish “erosion of the tax base and transfer of profits”) and the IMF has also joined. Finally, so has the EU and, of course, Pedro Sanchez.

Yellen defined the motivation for the tax: “It’s about making sure governments have stable tax systems that generate enough revenue to invest in public goods.

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