Push for a Global Tax on Multinationals

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Tax

South Africa has joined 130 other countries in calling for the introduction of a global tax for multinational cooporations such as Facebook and Google.

It follows talks held by the Organisation for Economic Cooperation and Development (OECD). Member states agreed to a plan to set a minimum corporate tax rate and establish a new regime for sharing the taxes imposed on the profits of multinational firms. The rules would curtail tax avoidance by making global enterprises pay tax of at least 15%.

Guest: Professor Patrick Bond – Political economist


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October 17, 2021
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