{"id":584446,"date":"2021-07-06T18:21:14","date_gmt":"2021-07-06T22:21:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=584446"},"modified":"2021-07-06T18:21:15","modified_gmt":"2021-07-06T22:21:15","slug":"9-key-oecd-members-reject-bidens-global-tax-plan","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/9-key-oecd-members-reject-bidens-global-tax-plan\/","title":{"rendered":"9 key OECD members reject Biden\u2019s \u2018Global Tax\u2019 Plan"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F9-key-oecd-members-reject-bidens-global-tax-plan%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=584446&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2448174\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2448174\" class=\"wp-caption-text\">Ireland Finance minister Paschal Donohoe poses for a photo after an interview in Dublin. (AP Photo\/David Keyton)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 3:00 PM PT \u2013 Tuesday, July 6, 2021<\/h5>\n<p>Joe Biden\u2019s proposal to impose a global tax on the corporate sectors ran into a pushback by a number of foreign countries. At least nine members of the Organization for Economic Cooperation and Development have rejected Biden\u2019s proposal to impose a 15 percent global tax.<\/p>\n<p>U.S. Treasury Secretary Janet Yellen announced 130 of the 139 nations reached an agreement of the global minimum tax. The remaining nine nations including Hungary, Ireland and Peru have rejected the proposal. These foreign countries have maintained low corporate tax rates and argued their economies greatly benefit from hosting the headquarters of global corporations, especially in the technology sector.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that MNEs pay a fair share of tax wherever they operate.<\/p>\n<p>\ud83d\uddde\u27a1\ufe0f <a href=\"https:\/\/t.co\/zUB74idz4z\">https:\/\/t.co\/zUB74idz4z<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BEPS?src=hash&amp;ref_src=twsrc%5Etfw\">#BEPS<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/InclusiveFramework?src=hash&amp;ref_src=twsrc%5Etfw\">#InclusiveFramework<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/G20Italy?src=hash&amp;ref_src=twsrc%5Etfw\">#G20Italy<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/OECD?src=hash&amp;ref_src=twsrc%5Etfw\">#OECD<\/a> <a href=\"https:\/\/t.co\/tMUKpCWwZ6\">pic.twitter.com\/tMUKpCWwZ6<\/a><\/p>\n<p>\u2014 OECD Tax (@OECDtax) <a href=\"https:\/\/twitter.com\/OECDtax\/status\/1411252558191017986?ref_src=twsrc%5Etfw\">July 3, 2021<\/a><\/p>\n<\/blockquote>\n<p>Without unanimous support by the OECD, Biden\u2019s proposal will be dubbed as dead on arrival. Ireland argued the proposed global tax was too high for the nation\u2019s economy to benefit from, but agreed to remain open to future negotiations. The country currently has a 12.5 percent corporate tax rate.<\/p>\n<p>\u201cWe do have really significant reservations regarding a global minimum of active tax raise,\u201d explained Ireland Finance Minister Paschal Donohoe. \u201c\u2026Only certain countries and certain sized economies can benefit from that raise.\u201d<\/p>\n<p>Some economists say a global tax would not be applicable to Chinese tech giants who enjoy unfair support by the Chinese government in violation of World Trade Organization rules.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/rep-cawthorn-judicial-system-failed-us-in-2020\/\">Rep. Cawthorn: Judicial System Failed Us In 2020<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Ireland Finance minister Paschal Donohoe poses for a photo after an interview in Dublin. (AP Photo\/David Keyton) OAN NewsroomUPDATED 3:00 PM PT \u2013 Tuesday, July 6, 2021 Joe Biden\u2019s proposal &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-584446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/584446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=584446"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/584446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=584446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=584446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=584446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}