Overreach There were two instances of institutional overreach this week (more later on the second). The first was the G20, who, at the suggestion of the Americans, have "agreed" that there should be a global minimum tax rate of 15% on companies. Firstly, this is strange because no G20 country has a tax rate that low. Even non-members Switzerland and Singapore tax at 14.9% and 17% respectively. So they're agreeing to change nothing?
We did nothing. It's a triumph
We did nothing. It's a triumph
We did nothing. It's a triumph
Overreach There were two instances of institutional overreach this week (more later on the second). The first was the G20, who, at the suggestion of the Americans, have "agreed" that there should be a global minimum tax rate of 15% on companies. Firstly, this is strange because no G20 country has a tax rate that low. Even non-members Switzerland and Singapore tax at 14.9% and 17% respectively. So they're agreeing to change nothing?