It is absolutely infuriating to see the US securing an exemption from the OECD global tax deal. Once again, the interests of multinational corporations are being prioritised over global equity.
​While the rest of the world attempts to set a floor on the "race to the bottom" by implementing a 15% minimum corporate tax, the US is carving out a loophole that allows its biggest companies to continue dodging their fair share. This isn't just a technicality; it’s a direct assault on the ability of nations to fund public services, healthcare, and climate action.
​We cannot build a fair global economy when the wealthiest nation on earth acts as a shield for corporate greed. We need international solidarity that puts workers and communities ahead of billionaire shareholders.

#taxjustice #corporatewealth #globaleconomy #leftist #equity #oecd

https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies

US will be exempt from global tax deal targeting profits of large multinationals

Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%

The Guardian

#TuesdayColumn: That moment when overrepresentation on the #Fortune500 list of #usa #CorporateWealth may not translate into national power, but might rather undermine it... #economy #politics #writing

Translating Corporate Wealth:
https://wastedwordsweb.wordpress.com/2025/11/25/translating-corporate-wealth/

Translating Corporate Wealth

US dependency is a hot topic, world wide. Who wants an enemy out of the grossest defence spender in the world, but on the other hand – who would want the current state of the US as an ally, w…

WastedWords