The United States wants to impose a 21% minimum tax for corporations, no matter where in the world they are located. That idea is gaining momentum.
On June 5, the world's seven richest nations (G7) reached a landmark deal to close cross-border tax loopholes used by some of the world's largest multinationals. They agreed to the principle of a global minimum tax rate of at least 15%.
The stakes are high for Switzerland which is home to the most Fortune 500 companies in the world relative to its population and attracts companies with low corporate tax rates.
Should people and countries be able to determine their own tax regimes, or is a global standard needed to avoid inequalities? Let us know what you think in the comments below!