{"id":588945,"date":"2021-07-12T13:06:29","date_gmt":"2021-07-12T17:06:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=588945"},"modified":"2021-07-12T13:06:32","modified_gmt":"2021-07-12T17:06:32","slug":"g20-backs-bidens-global-tax-plan-despite-opposition-by-small-countries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/g20-backs-bidens-global-tax-plan-despite-opposition-by-small-countries\/","title":{"rendered":"G20 backs Biden\u2019s global tax plan despite opposition by small countries"},"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\">22<\/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%2Fg20-backs-bidens-global-tax-plan-despite-opposition-by-small-countries%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=588945&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_2453757\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2453757\" class=\"wp-caption-text\">United States Secretary of the Treasury Janet Yellen speaks during a press conference at a G20 Economy and Finance ministers and Central bank governors\u2019 meeting in Venice, Italy, Sunday, July 11, 2021. (AP Photo\/Luca Bruno)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 9:53 AM PT \u2013 Monday, July 12, 2021<\/h5>\n<p>Leaders of the Group of 20 industrialized nations are advancing Joe Biden\u2019s plan for a global corporate tax. During a summit in Venice, Italy this past weekend, G20 finance ministers agreed to adopt a flat 15 percent tax on transnational corporations.<\/p>\n<p>Officials said they aim to approve the plan at the next G20 meeting in October. This decision came after nine members of the Organization for Economic Cooperation and Development rejected Biden\u2019s plan while asserting it would only favor large countries.<\/p>\n<p>Critics of the G20 have said the group is denying small nations a lucrative opportunity to host corporate offices.<\/p>\n<p>\u201cWe think that the predation and the extractivism of natural resources must end, and we think we need a more effective taxation system,\u201d stated Marco Baravalle, a Venice researcher. \u201cFor example, the 15 percent tax they are debating in this summit, which should be the global tax, we think it\u2019s a joke, it\u2019s a joke.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Video summary of the <a href=\"https:\/\/twitter.com\/hashtag\/G20?src=hash&amp;ref_src=twsrc%5Etfw\">#G20<\/a> meetings held in Venice on 8-11 July <a href=\"https:\/\/twitter.com\/hashtag\/G20Italy?src=hash&amp;ref_src=twsrc%5Etfw\">#G20Italy<\/a> <a href=\"https:\/\/t.co\/o4NIitoy65\">pic.twitter.com\/o4NIitoy65<\/a><\/p>\n<p>\u2014 G20 Italy (@g20org) <a href=\"https:\/\/twitter.com\/g20org\/status\/1414251049343406082?ref_src=twsrc%5Etfw\">July 11, 2021<\/a><\/p>\n<\/blockquote>\n<p>G20 agreements do not mean the global tax will go into effect. However, it adds pressure on smaller countries to stop giving tax breaks to corporations in exchange for investment.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/penn-states-new-treatment-kills-covid-with-covid\/\">Penn State\u2019s New Treatment Kills COVID With COVID<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>United States Secretary of the Treasury Janet Yellen speaks during a press conference at a G20 Economy and Finance ministers and Central bank governors\u2019 meeting in Venice, Italy, Sunday, July &#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-588945","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\/588945","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=588945"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/588945\/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=588945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=588945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=588945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}