The October 4th to October 10th, 2021 trade report with L.C. The 164 countries participating in OECD-hosted talks on global taxation have reached agreement, the Paris-based OECD announced on October 8th. The agreement sets a 15% global minimum tax (Pillar 2) and sets conditions for how large companies can be taxed for earnings in countries […]
Biden admin: neglect world trade, increase world taxes
Most governments, hating low taxes, have just endorsed the Biden-Yellen proposal to create a world minimum tax cartel of at least 15%. Meanwhile, the Biden administration hasn’t bothered to renew Trade Promotion Authority, underlining its indifference to expanding US trade abroad. Nor, in a policy that benefits China, has it stopped knee-capping the World Trade […]
The Biden administration’s love affair with Trump’s tariffs
Also: *US Trade Representative Tai’s uninformative testimony in Congress;*Biden’s “Buy American” State of the Union, in lieu of a trade policy;*US splits EU with its 21% global corporate tax proposal to the OECD;*Japan, India, and Australia launch supply chain initiative to lessen vulnerability to China;*Congress proposes bill to take on leadership in setting standards. The […]
Bipartisan agreement on batteries, China, but OECD battle ahead
Also: US Court of International Trade (CIT) rules against tariffs on downstream steel and aluminum products, a rare court win against the Trump administration’s Section 232 tariffs The April 5-11, 2021 roundup of major trade developments, with L.C. The Biden administration has launched an effort to get the international tax talks hosted by the OECD […]
Australia’s Cormann wins OECD race; Greens unhappy
– Australian Prime Minister Scott Morrison hosts a virtual Quad leaders meeting on March 12th; – Secretary of State Blinken and Defense Secretary Austin will cross Pacific to meet with their Japanese and South Korean counterparts prior to a high-level US-China meeting in Anchorage, Alaska;– Japanese Prime Minister Yoshihide Suga will be the first foreign […]
