World agrees 15% tax for biggest companies

  • by:
  • Source: The Times
  • 10/11/2021
An international deal to ensure the world’s largest multinationals pay a minimum corporate tax rate of 15 per cent was reached by 136 countries last night.

After years of negotiations, the Organisation for Economic Co-operation and Development announced a breakthrough that it said would overhaul corporate taxation for the digital age.

Large companies such as Google and Facebook will “pay a fair share of taxwherever they operate and generate profits,” according to the OECD, the intergovernmental organisation founded in 1961 and based in Paris.

Talks over an update to the century-old international tax rulebook, designed to stamp out multinational tax avoidance, have been taking place since 2018. The process has accelerated in recent months after a deal reached in London.
NASA Earth's Light by NASA Goddard Space Flight Center is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)

Help FAIRtax Become The Number One Issue in 2022

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.

Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!