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LONDON - When U.S. President Joe Biden flies to Europe this week, he will find his hosts welcoming but wary. His predecessor Donald Trump may be gone, but he leaves a long shadow. Biden’s first foreign trip as president starts Wednesday and includes a gathering of the Group of Seven wealthy nations by the seaside in southwest England, a NATO summit, a meeting with European Union chiefs, and then a tete-a-tete in Geneva with his Russian counterpart and adversary, Vladimir Putin. For most of America’s allies, Biden is a relief. Trump often sowed chaos, accusing the NATO military alliance of...

A top official at the Organization for Economic Cooperation and Development (OECD), which is hosting talks on a global corporate tax being pushed by the Biden administration, said a 15 percent minimum rate would be a “very significant step forward” that still leaves countries with enough scope to compete to attract multinationals to their jurisdictions.OECD Secretary-General Mathias Cormann made the remarks in an interview with Bloomberg on June 7, which followed a landmark agreement on the tax on June 5 among senior officials from the Group of Seven (G-7) countries, which includes the United States. The G-7 countries agreed to...

Biden's plan to pay for at least $1.4 billion [Trillion?] in new infrastructure spending hinges in large part on garnering backing for a global minimum tax on corporations that increases payments to the Treasury. Establishing a minimum rate could help discourage companies from shifting their profits to countries where they would pay less tax. Saturday's agreement could help accelerate parallel tax negotiations among roughly 140 countries that are being led by the Organization for Economic Cooperation and Development. Ireland, which has successfully recruited global companies -- including big US tech firms -- by offering a corporate tax rate of just...

The Biden administration is proposing a global minimum tax of at least 15% as it looks to level the playing field and stop what Treasury Secretary Janet Yellen has called the "race to the bottom." However, the Treasury Department said that 15% is just the starting point and they will push for that rate to be higher. The initial proposal comes as officials with the Treasury's Office of Tax Policy participated in meetings with officials from 24 nations over the last two days as part of the Organization for Economic Cooperation and Development's international tax negotiations. Treasury Department officials said...

The U.S. is asking other countries to agree to a 15% global minimum corporate tax, as part of international efforts to dissuade companies from seeking lower taxes outside of their home nations, Bloomberg News reported. “A global corporate minimum tax rate would ensure the global economy thrives based on a more level playing field in the taxation of multinational corporations,” the Treasury Department tweeted.

A high-level U.N. panel .. made a series of sweeping recommendations aimed at reforming the global financial system, which includes the implementation of an international corporate tax rate. The High-Level Panel for International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) said a 20% to 30% global corporate tax on profits would “help limit incentives against profit shifting, tax competition and a race to the bottom.” The panel recommends the creation of a body that collects and disseminates data about corporate profits, where the assets of multinational corporations are located, as well as which entities own them,...

Joe Biden's economic adviser pushed Sunday for a 'global minimum tax' for corporations in order to close loopholes in companies relocating overseas to circumvent rate hikes in the U.S. 'The idea is to make sure that corporations are paying their fair share,' Council of Economic Advisers chair Cecilia Rouse told 'Fox News Sunday.' 'To button up some of the loopholes, which have meant more corporations were actually putting more money offshore – off of U.S. soil,' she continued. 'And having a global minimum tax so that we're working with the rest of our trading partners, so that we're working with...

Biden Treasury Secretary Janet Yellen is about to call for a minimum corporate tax rate which, in effect, would prevent American companies from relocating offshore to escape the forthcoming tax hikes, according to reports. Axios reported that "by trying to convince other countries to impose a global minimum tax, Yellen is acknowledging the risks to the American economy if it acts alone in raising corporate rates."

Janet Yellen will use her first major address as Treasury secretary to argue for a global minimum corporate tax rate, Axios has learned, as she makes the case for President Biden’s plan to raise U.S. corporate taxes to fund his $2 trillion+ infrastructure plan. Why it matters: Convincing other countries to impose a global minimum tax would reduce the likelihood of companies relocating offshore, as Biden seeks to increase the corporate rate from 21% to 28%. “Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” Yellen will say today in a...

US Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement. The US shift -- part of a broader repositioning by President Joe Biden from the "America First" agenda of former President Donald Trump -- prompted immediate praise from Germany and France, which said a deal was now "within reach" following the US pivot. Yellen announced at the G20 finance ministers meeting that US officials "will engage robustly" in the talks and "is no longer advocating for 'safe harbor'...

We have one of our first feuds of 2021. And once again, it features a conservative lawmaker versus a Hollywood celebrity. It all started when Sen. Ted Cruz (R-TX) shared his statement in opposition to one of President Biden's executive actions on Day One of his presidency – his decision to rejoin the Paris Climate Agreement. In his message, Sen. Cruz explains that bringing the U.S. back into the climate agreement will destroy thousands of jobs. Heritage Foundation studies have shown that re-entering the accord would cost us at least 400,000 American manufacturing jobs. In a sense, Cruz argues that...

With far more political acuity than critics expected, President George Bush disarmed world government proponents while promising more aid to developing nations. The U.N.'s High Level Panel on Financing Development concluded its four-day conference in Monterrey, Mexico, without explicit authorization for U.N. taxes on currency exchange, fossil fuels and a host of other tax targets. The conference, publicized as a poverty-reducing initiative, was, in fact, another effort by the U.N. to gain taxing authority. Ernesto Zedillo, head of the U.N. panel, issued a report on June 28, calling for the new taxing authority. U.S. delegates to the conference made it...

Interesting tweet showing a correlation between the subversive group, National Security Action, set up in early 2017 to undercut President Trump's global policy. They are supplying Biden with his cabinet picks. From their site (as archived - regular site is hiding this) A MOMENT OF ALARM AND ACTION LEADING WITH OUR STRENGTHS RESTORING AMERICAN LEADERSHIP REMAINING TRUE TO OUR VALUES EXPOSING CORRUPTION Under President Trump’s reckless leadership, the United States is weaker in the world, less safe, and more isolated. He is retreating from the world stage, undercutting the intelligence and law enforcement agencies that keep us safe, undermining the...

President-elect Joe Biden on Monday named former Secretary of State John Kerry as special envoy to lead his administration’s efforts to fight climate change. Kerry will be the “climate czar” for the incoming administration, coordinating programs that are expected to stretch across multiple agencies while leading efforts at a White House that may need to look for avenues beyond Congress to advance climate priorities. “America will soon have a government that treats the climate crisis as the urgent national security threat it is. I'm proud to partner with the president-elect, our allies, and the young leaders of the climate movement...

BERLIN (AP) — The United States on Wednesday formally left the Paris Agreement, a global pact forged five years ago to avert the threat of catastrophic climate change. The move, long declared by U.S. President Donald Trump and triggered by his administration a year ago, isolates the United States in the world but has no immediate impact on international efforts to curb global warming. ....

The carbon capture package includes a bill, introduced Wednesday, for the United States to work toward a global goal of planting a trillion trees. It also features an expansion of a tax break approved by Congress in 2018 and signed by President Trump for companies that use carbon capture technology to trap carbon from fossil fuel or industrial plants. The new bill would make the so-called 45Q tax credit permanent, increasing the amount paid to companies and lowering the threshold of captured carbon to qualify for it. Another bill looks to boost research, development, and deployment of carbon capture technology...

Trudeau is the new owner of the Arctic Snow Globe; a dupe under the continuing influence of Obama It was the wisdom and majesty of God Almighty that gave us the treasures of Earth’s oceans. And in their incomparable greed and self-vested power, it was the unelected bureaucrats at the United Nations who seized them when no one but the politicians of the day were looking. It is an irrefutable truth that the UN stole God’s gift to mankind before sanctimoniously calling it the Law of the Sea Treaty.

The stunning repudiation of Sen. Richard Lugar's, R-Ind., bid for a seventh term has sent shock waves through Washington's internationalist lobby. A former Rhodes Scholar, Lugar has spent his career promoting a globalist agenda, since he succeeded the late Jesse Helms as the top Republican on the Senate Foreign Relations Committee. One day after Indiana Republicans handed Lugar his walking papers, an outfit called the Atlantic Council held a forum to promote the discredited Law of the Sea Treaty. As former Republican U.S. Sens. Chuck Hagel and John Warner beamed their approval, Obama's Secretary of Defense Leon Panetta declared that...

Corporate tax chiefs are trying to assess the potential implications of a proposal for a new global tax system for consumer-facing businesses, an effort that is being complicated by what some companies describe as a lack of critical details. The Organization for Economic Cooperation and Development, which is running the initiative, was scheduled to meet Thursday and Friday in Paris to discuss a proposal that would set a standard tax rate for a company’s global operations and allow individual governments to tax profits above that based on sales accounted for by each country. The new rules would represent a departure...

Mitt Romney joins bipartisan Senate climate change solutions group FILE - Sen. Mitt Romney, R-Utah, speaks at the Sutherland Institute in Salt Lake City on Monday, Aug. 19, 2019. Sen. Mitt Romney, R-Utah, speaks at the Sutherland Institute in Salt Lake City on Monday, Aug. 19, 2019. SALT LAKE CITY — Sen. Mitt Romney has joined a bipartisan Senate group that aims to find answers to climate change. The Senate Climate Solutions Caucus, led by Sens. Chris Coons, D-Del., and Mike Braun, R-Ind., consists of an equal number or Republicans and Democrats. Romney said it would serve as a starting...