Tag Archives: Tax Foundation

‘Shameful’: GOP Colluding With Autocratic Orban Government to Tank Global Tax Deal

One watchdog group slammed Republicans for “choosing to sabotage the United States’ ability to tax corporations effectively and conspire with foreign governments.”

By Jake Johnson  Published 7-6-2022 by Common Dreams

Official visit to the OECD of Viktor Orbán, Prime Minister of Hungary. on April 7, 2018. Photo: OECD/flickr/CC

News that GOP members of Congress are coordinating with the far-right Hungarian government in an attempt to block a proposed global minimum tax on multinational companies is drawing outrage from watchdog groups and Democratic lawmakers, with one U.S. senator accusing Republicans of doing “anything it takes to help their dark money corporate backers dodge taxes.”

Just ahead of the July 4 holiday weekend, the Washington Post reported that “senior Hungarian officials say they are working with Republican lawmakers in the United States to defeat a global minimum tax backed by the Biden administration, as European and American leaders struggle to enact a groundbreaking international accord targeting multinational corporations.” Continue reading

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