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The Attempt to Standardize Corporate Profits Taxes: Globalist Politics Versus Sound Economics

The Attempt to Standardize Corporate Profits Taxes: Globalist Politics Versus Sound Economics
U.S. Treasury Secretary Janet Yellen attends G7 finance ministers meeting at Lancaster House in London on June 5, 2021. Alberto Pezzali/WPA Pool/Getty Images
Mark Hendrickson
Mark Hendrickson
contributor
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Commentary

If you aren’t already cynical about politics, an examination of the politics underlying the tentative agreement of 130 national governments to harmonize their laws regarding how much to tax the profits of multinational enterprises (MNEs) provides plenty of reasons to be cynical.

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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