A New Transformative Global Tax Deal is coming

In October this year, Organization for Economic Cooperation and Development and USA’s Treasury officials brokered an agreement among almost 140 countries which will form a new transformative Global Tax regime. They are now working hard to shape the deal in such a way that it can bridge Washington’s political divide and get broadening support by convincing corporate lobbyist that such a global pact is their best bet.

A key for this plan to work out is a unique move which will create new rights for around the world governments so that they can tax a group of 100 companies, out of which almost half are USA based. So, the change would require a very strong backing in Congress.