Forces Behind Two-Pillar Plan on International Tax Reform and Who It ServesThe Organisation for Economic Co-operation and Development (OECD) is a forum of 38 countries encompassing the U.S.-led imperialist system of states. The OECD declares its members as committed to U.S./UK-style party-controlled democracy and a market economy dominated and controlled by powerful private interests and their immense wealth and property. The new tax replaces any national corporate tax on those oligopolies that may now be in place or those being contemplated. The criteria for a corporation to be subject to the OECD global tax regime is an annual gross income of 20 billion euros (U.S.$23.2 billion) and a certain threshold of self-declared corporate profit. Mining companies, regulated financial services and pension funds are excluded from the tax regime regardless of their global reach and income. The OECD global tax agreement is said to affect from 69 to 78 "multinational enterprises" or global oligopolies depending on their self-declared annual gross income and profit. The oligopolies are involved in multiple businesses with a focus on digitized enterprise such as Amazon, Google and Facebook (Meta). The combined annual gross income of the 78 or so oligopolies would be $1.8 trillion at a minimum, which is greater than the total gross domestic product of Canada. The multinational enterprises involved in the OECD global tax regime are outnumbered by the 136 countries that have been corralled into the international tax plan. These countries will forego any national corporate tax on these oligopolies and receive a portion of the global OECD tax according to a prescribed formula beyond their control. The OECD global corporate tax rate on declared profit is set at 15 per cent, which is lower than the current rate in almost all countries of the world. Only a handful of countries under direct imperialist control -- so-called tax havens where multinationals can register their business, such as the Cayman Islands, Bahamas, Bahrain and Kosovo -- have lower corporate tax rates although certain jurisdictions in the U.S. are quickly overtaking those places as preferred tax havens.
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