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Historic But Inadequate: Joseph Stiglitz on G7 Deal to Back a 15% Global Minimum Corporate Tax Rate

Democracy Now!

June 7th 2021

Finance ministers from seven of the world’s wealthiest nations have backed a plan to set a minimum global corporate tax rate of at least 15% on multinational companies. The agreement, which was reached during a meeting in Britain of the G7, or Group of 7, is “historic” but should have aimed higher, says economist Joseph Stiglitz. “If you have too low of a tax rate, that minimum tax becomes, de facto, the maximum tax,” he says. #DemocracyNow Democracy Now! is an independent global news hour that airs on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: YouTube: http://youtube.com/democracynow Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow Instagram: http://instagram.com/democracynow SoundCloud: http://soundcloud.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 Daily Email Digest: https://democracynow.org/subscribe


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