Global Minimum Corporate Tax

“The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15%... The [agreement would also let] countries tax a share of the profits earned by companies that have no physical presence but have substantial sales, for instance through selling digital advertising.” (AP News)

The right opposes the agreement, arguing that it will harm US tech firms and undermine US sovereignty.

The left supports the agreement, arguing that global cooperation is necessary to prevent tax evasion by multinational corporations.