130 nations agree to support U.S. proposal for global minimum tax

Asked 02-Jul-2021
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 Why 130 nations agree to support U.S. proposal for global minimum tax on corporations?

1 Answer


We all know that the USA is the most powerful country in the world. The USA has the most dramatic political history also. USA’s politics impacts all world directly and indirectly. And there is the latest thing happening in U.S. politics that a group of 130 nations has agreed to a global minimum tax on corporations. And this is really big news that 130 countries stand with the US.
So tells find out why this was happening?
For quite a long time, the United States has participated in a foolish global assessment contest, bringing down our corporate taxes just to watch different countries bring down theirs accordingly. The result was a worldwide rush to the bottom. However, With a But With a global minimum tax in place, global organizations can presently don't set nations in opposition to each other in a bid to push taxes down and secure their benefits to the detriment of public income. They will no longer be able to avoid paying something reasonable by hiding benefits produced in the United States, or some other country, in lower-tax jurisdictions.
So we can say that it is a bold move and every country sees that this support can be a milestone in the world’s history and that is the biggest reason for supporting the U.S.
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