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Mojo ♻️
Mojo ♻️
@mojo@aus.social  ·  activity timestamp 6 days ago

It is absolutely infuriating to see the US securing an exemption from the OECD global tax deal. Once again, the interests of multinational corporations are being prioritised over global equity.
​While the rest of the world attempts to set a floor on the "race to the bottom" by implementing a 15% minimum corporate tax, the US is carving out a loophole that allows its biggest companies to continue dodging their fair share. This isn't just a technicality; it’s a direct assault on the ability of nations to fund public services, healthcare, and climate action.
​We cannot build a fair global economy when the wealthiest nation on earth acts as a shield for corporate greed. We need international solidarity that puts workers and communities ahead of billionaire shareholders.

​ #taxjustice #corporatewealth #globaleconomy #leftist #equity #oecd

https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies

the Guardian

US will be exempt from global tax deal targeting profits of large multinationals

Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%
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