The main agenda item: negotiating a global minimum corporate income tax. A global minimum tax is a major threat to havens like Ireland, The Times’s Liz Alderman reports. Accounting and law firms, which are major beneficiaries of the global tax shifting game, are lobbying Ireland behind the scenes to hold its ground. Even inside Ireland, the will to remain a tax haven may be fading:Recent studies have identified tax havens as a major source of global inequality. Economists estimate that tax havens cost governments up to $600 billion a year; a global 15 percent minimum tax would bring in $150 billion.

Source: New York Times July 08, 2021 11:01 UTC