New US Administration Adds To OECD Momentum

A global pandemic and the economic strain that many nations face as they struggle to contain the virus has not deterred the Organisation for Economic Cooperation and Development (OECD) from its quest to reorganise the entire international tax system. Through a series of steadily escalating demands, paired with coercion and threats targeting low-tax jurisdictions, the OECD has spent the last two decades seeking to eliminate tax competition. With a much more ideologically sympathetic partner in US President Joe Biden and his administration, they may finally be close to their goal of global tax harmonisation.

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