Global Corporate Minimum Tax

A triumph for Detroit over Davos
https://www.washingtonpost.com/opinions/2021/10/31/the-new-corporate-tax-deal-is-a-step-toward-solving-other-global-challenges/
Harvard economist Larry Summers notes:
“A stronger tax base is central to American prosperity. What determines U.S. competitiveness is not whether we can lower our tax rates faster than other nations, but rather the strength of our fundamentals: the talents and skills of our workforce, the modernity and durability of our infrastructure, and the stability and trustworthiness of our institutions. We need to make important public investments in broadband Internet access, roads and bridges, basic research, climate change mitigation and education, from prekindergarten through the university level.
Workers around the world will also be better off because this historic achievement enables tax burdens to be placed on those most able to pay. For too long, mobile multinational corporations have used accounting gimmicks and clever legal arrangements to avoid taxes, benefiting their shareholders while shifting tax burdens to others”.
 
As wealthy nations back Yellen’s call for global taxation, fears about national differences quietly persist
https://www.washingtonpost.com/us-policy/2021/10/31/global-minimum-tax-g20/