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Cato Daily Podcast
Congress Should Reject the OECD's Planned Tax Cartel
Feb 13, 2024
The podcast discusses the OECD's plan to create an international tax cartel and why Congress should reject it. They delve into the complexities of global business operations and profit shifting, as well as the impact of international tax standards on innovation. The potential negative effects on companies and the potential hindrance to competition and growth are also explored.
11:11
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Quick takeaways
- The OECD opposes tax havens but corporate tax rates have fallen and revenues from corporate taxes have increased in the past 40 years.
- If the United States signs on to the OECD's proposed tax cartel, it could limit innovation and competitiveness and hinder the growth of new global businesses.
Deep dives
The OECD's Opposition to Tax Havens
The OECD opposes the existence of tax havens as they view them as a threat to their ability to raise the necessary revenue. However, over the past 40 years, corporate income tax rates have fallen while revenues from corporate taxes have increased.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode