Commentary
The Inflation Reduction Act, passed by both houses, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization on top of being detrimental to the economy.
“It’s surprisingly close to something you could almost describe as a worldwide tax system,” Danielle Rolfes of KPMG LLP told The Wall Street Journal in November regarding the global 15 percent minimum tax.
For more than a decade, globalists have been pushing for a global corporate minimum tax that would be universal and extraterritorial, with companies paying the same amount regardless of where they are located in the world. Treasury Secretary Janet Yellen has been a proponent of a global minimum tax and was a participant in a meeting of 140 countries last October where an agreement was reached….