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Sep 14, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Business & Finance

Nobel laureate Stiglitz says global tax plan should aim higher

AFP 07 Sep 2021

CERNOBBIO, (Italy): Nobel economics prize laureate Joseph Stiglitz praised international backing for a global tax on corporations but said the minimum rate agreed by governments to battle "the dark side of globalisation" remains too low.

More than 130 nations have supported a plan to introduce a tax floor of at least 15 percent aimed at preventing countries from competing to offer the lowest rates in order to attract multinationals seeking to minimise their tax bills.

global tax Nobel economics prize laureate Joseph Stiglitz

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Nobel laureate Stiglitz says global tax plan should aim higher

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