Last December, the OECD issued model rules for its 15 per cent global corporate minimum tax — a brutally complex 70-page package that countries around the world are now supposed to enact as part of domestic law. This was followed by a 277-page package last week with commentary and examples that try and explain the rules.
This initiative is a disaster in the making, created by unelected bureaucrats at the OECD, with the support and encouragement of wealthy, developed countries such as Canada. It is a blatant government cash grab and should be abandoned.-- More...