One of the hottest topics in the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. world today is the recent announcement by G7 finance ministers that they would support enacting a new, 15 percent global minimum tax.
On this episode of The Deduction, Scott Hodge is joined by Tax Foundation’s Daniel Bunn and Elke Asen to discuss this agreement and answer an important question: how much weight does it really carry?
We dive into the economic and political implications of a 15-percent global minimum tax, how such a tax would impact global economies, revenues, and real people, and what the path forward looks like.
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