G-20 Leaders Endorse 15 Percent Global Minimum Tax (You Are Being Played)
By Charles Kim
| Saturday, 30 October 2021
01:13 PM
Treasury Secretary Janet
Yellen on Saturday praised President Joe Biden
and the other heads of state at the G-20
conference in Rome for formally adopting a 15% global corporate minimum tax
rate that is estimated to bring in $150 billion a year globally.
"Today, every G20 head of state endorsed an historic
agreement on new international tax rules, including a global minimum tax that
will end the damaging race to the bottom on corporate taxation," Yellen
said in a statement Saturday. "It's a critical moment for the U.S. and the
global economy. I congratulate President Biden on this important achievement.
"This deal will remake the global economy into a
more prosperous place for American business and workers. Rather than competing
on our ability to offer lower rates, America will now compete on the skills of
our people, our ideas, and our capacity to innovate — which is a race we can
win."
The G-20 member nations,
including the United States, China, France, Russia,
and the United Kingdom, among others,
are a mix of nations that have the largest economies in the world, representing
about two-thirds of the world's population, 85% of the global domestic
production, and 75% of global trade, according to the organization.
At Saturday's meeting in Rome, leaders spoke out in
support of establishing a global minimum corporate tax rate of 15% that would
be formally approved in a statement from the conference Sunday, and then would
go to each individual nation to enact on their own.
According to a Reuters
report, rules for the tax would be implemented by 2023, and would
apply to large multi-national corporations like Google,
Amazon, Facebook,
Microsoft, and Apple, making it harder for them to establish
offices in countries with a lower tax rate.
The adoption by the G-20 on Saturday comes after 136
nations agreed to a deal earlier this month on the 15% global rate.
"We call on the Organization for Economic
Cooperation and Development/G20 Inclusive Framework on Base Erosion and Profit
Shifting to swiftly develop the model rules and multilateral instruments as
agreed in the Detailed Implementation Plan, with a view to ensure that the new
rules will come into effect at global level in 2023," the draft
conclusions, seen by Reuters, read.
According to Forbes, the
15% rate will apply to multi-national companies with annual revenues of $865
million or more, and require companies that turn over $23 billion and have
profit margins of 10% or more to pay taxes in the countries they sell goods or
services in.
In the United States, Congress still must approve
legislation to comply with the agreement, which could be tricky because America
is home to 2,000 of the world's largest multinational corporations.
iden has been pushing to get the deal approved because it
might prove a key revenue resource to help pass his two large legislative
packages on infrastructure and his Build Back Better budget reconciliation
bill.
Both plans, which could top $2-3 trillion in their final
forms, are currently jammed in Congress with Democrats battling over what
should be included in the bills, and what could be stripped out to reduce the
price tag.
Connecting
Their Dots Through Their Networking. I’m Adding Pfizer And The FDA So That You See
The Whole Picture Of Control! You Are Being Played!
Timothy F.
Geithner was a co-founder for the Group
of 20 (G20) a researcher for Kissinger Associates, Inc. and is an
overseer, director for the International
Rescue Committee.
David Miliband is
the president & CEO for the International
Rescue Committee, Ed Miliband’s brother and was the foreign secretary;
secretary of state for the enironment; minister for schools for the United Kingdom.
Henry A. Kissinger is
the founder of Kissinger Associates, Inc., an overseer at the International Rescue Committee and a trustee
at the Center for Strategic and
International Studies (think tank).
Foundation to Promote Open Society was a funder for the International Rescue Committee, the Brookings Institution (think tank) the New America Foundation (think tank) and the Harlem
Children's Zone.
George Soros was the chairman for the Foundation
to Promote Open Society, a benefactor for the Harlem Children's Zone and is a member of
the Breakthrough Energy Coalition.
Jeffrey P. Bezos is
a member of the Breakthrough Energy Coalition and the chairman & president & CEO for Amazon.com, Inc.
Pete Higgins is
a trustee at the Brookings Institution
(think tank) and was a group VP for the Microsoft Corporation.
Microsoft Corporation was a
funder for the Brookings Institution (think
tank).
David M.
Rubenstein is the co-chairman for the Brookings
Institution (think tank) and a regent at the Smithsonian Institution.
Shirley Ann
Jackson is a trustee at the Brookings
Institution (think tank) and a
regent at the Smithsonian Institution.
Joseph R. Biden Jr. is
a regent at the Smithsonian Institution
and the president for the Joseph Biden administration.
Mark B. McClellan was
a senior fellow at the Brookings
Institution (think tank) and
a commissioner for the U.S. Food and Drug
Administration (FDA).
Vernon E. Jordan
Jr. is an honorary trustee at the Brookings
Institution (think tank) and a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP.
Akin, Gump, Strauss, Hauer & Feld, LLP is a lobby firm for Pfizer Inc.
Constance J.
Horner is a director at Pfizer Inc.
and was a guest scholar at the Brookings
Institution (think tank).
Suzanne Nora
Johnson is a director at Pfizer
Inc. and a trustee at the Brookings
Institution (think tank).
Amy W. Schulman is
the EVP & general counsel for Pfizer
Inc. and a trustee at the Brookings
Institution (think tank).
Duberstein Group, Inc. is a
lobby firm for Pfizer Inc.
Kenneth M.
Duberstein is the chairman & CEO for the Duberstein Group, Inc. and a trustee at
the Brookings Institution (think tank).
Google Inc. was a funder for
the Brookings Institution (think tank).
Sheryl K.
Sandberg was a trustee at the Brookings
Institution (think tank) and a VP for Google Inc.
Eric
E. Schmidt is the chairman for Google
Inc., the chairman of the New
America Foundation (think tank), was a funder for the New America Foundation (think tank) and a
director at Apple Inc.
Laurene Powell
Jobs was a director at the New
America Foundation and married
to Steve Jobs.
Steve
Jobs was married to Laurene Powell
Jobs and the co-founder &
chairman for Apple Inc.
Sheryl K.
Sandberg is a trustee at the Brookings
Institution (think tank) and the
COO & director for Facebook.
C. Douglas Dillon was
the chairman for the Brookings Institution
(think tank) and a U.S. ambassador for France.
Thomas R.
Pickering is a distinguished fellow at the Brookings
Institution (think tank) and was a
U.S. ambassador for Russia.
Lawrence H.
Summers was a trustee at the Brookings
Institution (think tank) and is a
co-founder for the Group of 20 (G20).
Martin N. Baily
is a senior fellow at the Brookings
Institution (think tank) and was
a chairman for the Council of Economic
Advisers.
Martin N. Baily
is a senior fellow at the Brookings
Institution (think tank) and was a chairman for the Council of Economic Advisers.
Janet L. Yellen was
a chairman for the Council of Economic
Advisers, is a professor emeritus for the University of California, Berkeley and married to George
A. Akerlof.
George A. Akerlof is
married to Janet L. Yellen and a professor at the University of California, Berkeley.
David H. Romer
is a professor at the University of
California, Berkeley and was a
senior fellow at the Brookings Institution
(think tank).
Maurice R.
Greenberg was and a benefactor for the Harlem Children's Zone, is a director at the National Committee on United States-China Relations,
an honorary chairman for the United States-China
Policy Foundation, a director at the U.S.-China Business Council and
a trustee at the Center for Strategic and
International Studies (think tank).
Michael R.
Bloomberg was a benefactor for the Harlem
Children's Zone and is the
founder of Bloomberg LP.
Bloomberg
Politics is a division of Bloomberg
LP.
Center for Strategic and International Studies (think
tank) was a funder for China.
Brent Scowcroft is
a trustee at the Center for Strategic and
International Studies (think tank), a friend of Henry A. Kissinger, and was a vice chairman
for Kissinger Associates, Inc.
J. Stapleton Roy was
a vice chairman for Kissinger Associates,
Inc. and a U.S. ambassador for China.
Ed Miliband is
David Miliband’s brother, the leader of the British Labor Party, a member of the British Parliament
and was an energy secretary for the United
Kingdom.
Resources
(Past Research)
DELINGPOLE: Germans
Unhappy As ‘Climate Change’ Is Dropped From G-20 Communique (Past Research on G-20)
SUNDAY, MARCH 19, 2017
https://thesteadydrip.blogspot.com/2017/03/delingpole-germans-unhappy-as-climate.html
Trump shocker! Who is
Elaine Chao? (Past Research on Kissinger &
China)
WEDNESDAY, NOVEMBER 30, 2016
https://thesteadydrip.blogspot.com/2016/11/trump-shocker-who-is-elaine-chao.html
Labour Party (UK) (Past Research on the United Kingdom)
SATURDAY, OCTOBER 31, 2015
https://thesteadydrip.blogspot.com/2015/10/labour-party-uk.html
Bloomberg: The 5 Most
Likely Candidates to Replace Janet Yellen to Lead the Fed (Past Research on Janet Yellen & Bloomberg LP)
SUNDAY, JULY 16, 2017
https://thesteadydrip.blogspot.com/2017/07/bloomberg-5-most-likely-candidates-to.html
Russia to Ukraine:
Surrender Crimean Forces or Face 'Military Storm' (Past
Research on Russia)
MONDAY, MARCH 3, 2014
https://thesteadydrip.blogspot.com/2014/03/russia-to-ukraine-surrender-crimean.html
The Death of the Jews
of France (Past Research on France)
TUESDAY, JANUARY 13, 2015
https://thesteadydrip.blogspot.com/2015/01/the-death-of-jews-of-france.html
Carlson: It's 'highly
immoral' to censor users with vaccine concerns (See
Past Research on Facebook & Soros Networking Below the Article)
SATURDAY, MAY 29, 2021
https://thesteadydrip.blogspot.com/2021/05/carlson-its-highly-immoral-to-censor.html
FAKE NEWS: Google
Targets Daily Wire, Other Conservative Sites With Left-Wing Fact Checks,
Immunizes Left-Wing Sites (Past Research on Google)
THURSDAY, JANUARY 11, 2018
https://thesteadydrip.blogspot.com/2018/01/fake-news-google-targets-daily-wire.html
Amazon ‘Key’ Service
Lets Delivery Drivers Enter Your Home When You’re Not There (Past Research on Amazon)
WEDNESDAY, OCTOBER 25, 2017
https://thesteadydrip.blogspot.com/2017/10/amazon-key-service-lets-delivery.html
Microsoft Acknowledges
Looking Inside Blogger’s Hotmail Inbox And Reading IM To Track Source Of Leaked
Company Information (Past Research on Microsoft)
SUNDAY, MARCH 23, 2014
https://thesteadydrip.blogspot.com/2014/03/microsoft-acknowledges-looking-inside.html
Smithsonian Admits to
Destruction of Thousands of Giant Human Skeletons in Early 1900′s (Past Research on the Smithsonian Institution & Joe
Biden)
WEDNESDAY, DECEMBER 10, 2014
https://thesteadydrip.blogspot.com/2014/12/smithsonian-admits-to-destruction-of.html
FORMER PFIZER EMPLOYEE:
"CHECKMATE. GAME OVER. WE WIN" (“Connecting the Dots”) (Past Research on the FDA & Pfizer)
THURSDAY, AUGUST 26, 2021
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