144 nations favor a minimum tax of 15% on corporate profits

@ArishMell And the more relevant question is what industry requires and demands the most in the way of government-provided infrastructure and services which they should be helping pay for as the cost of doing business rather than who is making the biggest profits. Why should they get a free ride?

@dancingtongue Obviously that will vary from nation to nation but I wasn't aware of any having a free ride as they do pay taxes, and their customers certainly do, which help sponsor the state-supported services.

Nevertheless many of the largest so-called "international" companies are certainly very adept at tax-avoidance.

To your earlier post, I don't know who calls the Channel Islands, about 70 miles across the sea from my home, "The Guernseys". I don't know if the islanders themselves do so but have never heard or read anyone in Britain calling them that. They do have something of a reputation as a tax-haven but I think more for private individuals than companies.

I suppose Ireland and Hungary thought if they levvied lower taxes they'd attract more investors, but what no-one seems to realise that so-called "inward investment" helps the investor's country, not the host!

@ArishMell Well, in Ireland it did generate the Celtic Tiger economy for a few years, bringing in much needed jobs at the time. But, as always, short-term benefit lead to long-term dependence and headaches. They finally agreed that 15% was a reasonable international floor they wouldn't be dipping below in the future. Hungary, I read, agreed when assured there would be a phase-in period.

@redredred Which makes the crocodile tears they shed over the high tax rates that they never pay so frustrating.

@dancingtongue it’s more a matter of which congressional friends are benefitting at the expense of others. Members of Congress are for sale in each session and sometimes it’s one industry and then another. The net revenues don’t change much

@MarkPaul Best part is that there will be a pro-rated sharing of the tax in all nations where they operate -- not just on where the corporate headquarters are. Sorry about that Elon Musk. BTW, that should have been 136 nations not 144. But they represent more than 90% of the global markets for the multi-national corporations.