Powerful States Push Tax Race to the Bottom

Powerful States Push Tax Race to the Bottom

Credit: Bantonglaoatang

By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Jun 15 2021 (IPS)
Last week, the largest rich countries, home to most major transnational corporations (TNCs), agreed to a global minimum corporate income tax (GMCIT) rate. But the low rate proposed and other features will deprive developing countries of their just due yet again.

New race to bottom
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