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   HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Monday, 13-Nov-2023 22:46:05 JST HistoPol (#HP) 🥥 🌴

   in reply to

   @hosford42 @amoshiashwili @dcjohnson

   (5/5)

   BEPS - Base Erosion and Profit Shifting.

   BEPS includes many different initiatives that enables multinational companies and super wealthy individuals (to this day) to move earnings to countries where they pay a lower tax rate (or no taxes at all.)

   In 2021, 130 countries agreed at least on minimum taxes for the biggest global players:

   https://kpmg.com/ie/en/home/services/tax/corporate-tax/beps-2-pillar-one-pillar-two.html

   This is an ongoing global project.

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   https://www.oecd.org/tax/beps/about/