Posted on

U.S. Proposal for Global Minimum Tax Gets Backing From 130 Countries


Breezy Caribbean island tax havens also declined to sign on, including Barbados, Saint Vincent and the Grenadines. Hungary and Estonia, which are keen to preserve their ultralow tax regimes, joined the dissenters, as did Kenya, Nigeria, Peru and Sri Lanka.A bloc of holdouts means that “nothing is agreed until everything is agreed,” said Barbara Angus, the head of global tax policy at the accounting firm EY and a former chief tax counsel for the House Ways and Means Committee. “They have a huge amount of technical work to do,” she added, “and now it’s clear that they also …

Read More