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Canada's Role in New International Pay-the-Rich Corporate Tax Scheme Oligopolies Organize Direct Assault on Sovereignty of NationsThe Organisation for Economic Co-operation and Development (OECD) announced in early October that 136 countries, including Canada, agreed to a "two-pillar plan on international tax reform." Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland was ebullient with the development. Spouting nonsense about fairness, she said: "Canada strongly supports international efforts to end the corporate race to the bottom and to ensure that all corporations, including the world's largest corporations, pay their fair share. Today's agreement will ensure a level playing field for Canadian workers and Canadian businesses in the global economy." "Those who do business in Canada must pay their fair share. Canada has a clear national interest in this multilateral deal, which protects against erosion of the tax base and which will generate additional revenue for Canada," she added. On the two-pillar tax plan, the Department of Finance Canada writes, "Pillar One of the OECD agreement will ensure that the largest and most profitable global corporations, including large digital corporations, pay a fair share of tax in the jurisdictions where their users and customers are located. "Pillar Two of the OECD agreement will ensure that multinational enterprises are subject to a minimum level of tax of at least 15 per cent, no matter where their profits are earned. This will help to end the race to the bottom in corporate taxation." Showing how all these representatives of the rich sing from the same song book written by the rich, according to the Department of Finance, Deputy Prime Minister Freeland and U.S. Secretary of the Treasury Janet Yellen at a meeting in Washington, DC, on October 12, "welcomed the once-in-a-generation agreement on the two-pillar approach to international tax reform agreed on October 8 by 136 countries in the OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting. "The Deputy Prime Minister and Secretary underscored how this historic agreement will end the race to the bottom in international taxation and how it is a win for middle class workers and for businesses in Canada and the United States. "The Deputy Prime Minister highlighted how Canada and the United States have worked very closely to make this international agreement possible. Canada's strong preference is for a multilateral agreement and the Deputy Prime Minister shared Canada's plan to transition from the DST (Digital Services Tax) to the OECD-level agreement." The enthusiastic and congratulatory words from the political elite attempt to conceal an imperialist agenda to block sovereign countries from fashioning their own arrangements and tax regimes with those global companies wishing to operate in their economies. The OECD agreement in effect allows the multinational enterprises open access to 136 economies without any specific concern for the needs of those economies, peoples and countries involved. The accounting and determining of the claim of the governments on the produced value remain in the hands of the private global oligopolies.
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