In early October, The Organization for Economic Cooperation and Development (OECD), consisting of 136 countries representing more than 90% of global GDP, agreed to levy a global corporate minimum tax rate of 15% on overseas profits from 100 of the world’s largest and most profitable multinational corporations (referred to as MNCs). In addition, each country would be entitled to share in More

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This content originally appeared on CounterPunch.org and was authored by Nick Licata.

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