{"id":126915,"date":"2021-04-08T16:57:25","date_gmt":"2021-04-08T20:57:25","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=126915"},"modified":"2021-04-08T16:57:25","modified_gmt":"2021-04-08T20:57:25","slug":"proposed-global-minimum-tax-rate-would-be-crippling","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/proposed-global-minimum-tax-rate-would-be-crippling\/","title":{"rendered":"Proposed global minimum tax rate would be crippling\u00a0"},"content":{"rendered":"<div id=\"antig-1057904659\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-287418000\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"ce741a73-c70c-446b-af7f-da2abe2b62bb\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/ce741a73-c70c-446b-af7f-da2abe2b62bb.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><div dir=\"ltr\">\n<div><b>Commentary<\/b><\/div>\n<div><\/div>\n<div>\n<p><b>By Sir Ronald Sanders\u00a0<\/b><\/p><div id=\"antig-1590584364\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"ABLP_Red-&#038;-Reddy_Web_1000x250\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>\n<p><i>(The writer is Antigua and Barbuda\u2019s Ambassador to the United States and the Organization of American States.\u00a0\u00a0\u00a0He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and Massey College in the University of Toronto.\u00a0\u00a0The views expressed are entirely his own)\u00a0<\/i><\/p>\n<p>&nbsp;<\/p>\n<p>Officials of the Organisation for Economic Co-operation and Development (OECD) \u2013 the rich countries\u2019 club \u2013 are no doubt delighted at the proposition by the U.S. Treasury Secretary, Janet Yellen, for a global minimum corporate tax rate of 21 per cent.<\/p><div id=\"antig-1875137756\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-2156549982\" class=\"antig-content_12 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"ABLP_Red-&#038;-Reddy_Web_1000x250\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_Red-Reddy_Web_1000x250.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>\n<p>Developing countries, including those in the Caribbean, need to monitor this development closely.\u00a0\u00a0Their already suffering economies could end up being hurt by it even more.<\/p><div id=\"antig-2642310876\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n<p>Tax rates are a sovereign matter. Governments set tax rates in the context of several factors including their domestic financial demands; a judgement on the ability to pay; and the need to attract foreign investment to drive economic and social development.<\/p>\n<p>The U.S. government is exercising its sovereign right to raise its domestic corporate tax to 28 per cent, particularly as it wants to spend $2 trillion over the next eight years on building expensive infrastructure in a range of areas.\u00a0\u00a0There should be every appreciation of this ambition.<\/p><div id=\"antig-1831364294\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500 (1)\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n<p>However, conscious that this high tax rate might push U.S. companies to migrate to lower tax countries, the U.S. government wants a global minimum tax rate of 21 per cent.\u00a0\u00a0Its belief is that a sufficiently high minimum global tax rate would discourage U.S. companies from leaving.<\/p>\n<p>The U.S. proposal has been welcomed by the OECD and the European Union nations, France and Germany, that have always been the \u2018hawks\u2019 on setting and enforcing global tax rates.\u00a0\u00a0Pascal Saint-Amans, head of tax administration at the OECD, welcomed the U.S. proposals, saying \u201cThis reboots the negotiations and is very positive.\u201d<\/p><div id=\"antig-521012631\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/chtamarketplace.com\/\" aria-label=\"Social FaceBook Cover Desk_Mobile\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:711\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:711\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:111\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:379\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:285\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:569\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:711\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/Social-FaceBook-Cover-Desk_Mobile-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"949\"   \/><\/a><\/div>\n<p>If this proposition is accepted, it will be enforced on all countries.\u00a0\u00a0\u00a0Experience with the OECD, the European Union (EU) and the U.S. demonstrates that by various methods, Caribbean countries have been coerced into compliance with rules or demands to their disadvantage.<\/p><div id=\"antig-689722117\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n<p>Once the OECD member states agree it amongst themselves, they will enforce it.\u00a0\u00a0The method in the past on matters such as what they called \u201charmful tax competition\u201d, has been to identify countries they pejoratively list as \u2018uncooperative jurisdictions\u2019. The mere naming of countries injures the standing of their financial services sectors, causing loss of business and the capacity to participate effectively in the world\u2019s trading and financial systems.\u00a0\u00a0To avoid these consequences, countries have complied, eroding sovereignty over their tax policies and, importantly, jobs and income.<\/p>\n<p>Remarkably, the OECD has described its efforts for\u00a0\u00a0\u2018tax harmonisation\u2019 and an end to \u2018tax competition\u2019 as \u201clevelling the playing field\u201d.\u00a0\u00a0In other words, the playing field for competition in taxation, is levelled by forcing developing countries to meet high taxation levels needed by the rich.\u00a0\u00a0Other areas, in which level playing fields are necessary, are conveniently ignored.\u00a0\u00a0A current example is the purchase and hoarding of COVID-19 vaccines by many OECD countries.\u00a0\u00a0\u00a0At the time of writing, of the 674 million vaccines that have been administered globally, 77 per cent are in the 10 richest nations.<\/p>\n<p>The U.S. has reportedly sent documents, proposing the new tax, to 135 countries negotiating international taxation at the behest of the OECD.\u00a0\u00a0The tax would apply to global profits of large companies, including big U.S. technology groups, regardless of their physical presence in any country.\u00a0\u00a0Agreement on the tax would allow the U.S. administration to increase corporate taxes on U.S. companies without fear of competition from other countries.<\/p>\n<p>Alarmingly, a senior representative of the International Monetary Fund (IMF) has already endorsed the U.S. government proposal.\u00a0\u00a0\u00a0IMF Chief Economist, Gita Gopinath, said that \u201cWe\u2019re very much in support of having this kind of global minimum corporate tax.\u201d\u00a0\u00a0It is unclear if she was speaking for the Board of the Fund or for her division.\u00a0\u00a0Fortunately, the Head of the World Bank, David Malpass, has taken a more balanced position on the matter.\u00a0\u00a0He has warned against setting a global minimum tax rate that is too high, adding that he did not want to see new rules \u201cthat would hinder poor countries&#8217; ability to attract investment\u201d.<\/p>\n<p>And, this really will be the crux of the issue.\u00a0\u00a0\u00a0Every country has the right to set its own domestic tax rates, but not to impose rates on others \u2013 which is what the OECD has been trying to do\u00a0\u00a0since 1998.<\/p>\n<p>Small countries, including those in the Caribbean, have lower corporate tax rates because they need investment not only to compete with larger countries but also to survive.\u00a0\u00a0A mandated tax rate of 21 per cent would cripple many of them and retard their growth.<\/p>\n<p>An example of this currently exists in the OECD and the EU.\u00a0\u00a0Ireland, one of the smallest of their member countries, has a corporate tax rate of 12.5 per cent and has been one of the biggest beneficiaries of foreign investment.\u00a0\u00a0A few decades ago, Ireland was much poorer than Britain, but its implementation of a low corporate tax rate has helped its growth and raised its living standards.<\/p>\n<p>No doubt, Ireland will face considerable pressure from other OECD and EU countries to accept the proposed new corporate tax rate, but it has resisted bullying in the past, and it is likely to do so again.\u00a0\u00a0\u00a0If that is the case, other smaller countries, including Caribbean ones, should join it in arguing for a sensible minimum corporate tax rate that is agreed and not imposed.<\/p>\n<p>The World Bank\u2019s David Malpass has set a reasonable tone stating that any new minimum tax should not be too high.\u00a0\u00a0Hitherto, the OECD itself has been working on a rate of 12.5 per cent.<\/p>\n<p>On this matter, Caribbean and other small countries should stand up in unison for their rights by strong representation and informed argument.<\/p>\n<p><i>Responses and previous commentaries:\u00a0<a href=\"http:\/\/www.sirronaldsanders.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.sirronaldsanders.com&amp;source=gmail&amp;ust=1618000411491000&amp;usg=AFQjCNGeMaEp4yoxlk6KRl3ZJHIMquhnug\">www.sirronaldsanders.com<\/a>\u00a0<\/i><\/p>\n<\/div>\n<\/div>\n<div id=\"antig-1625026431\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Commentary By Sir Ronald Sanders\u00a0 (The writer is Antigua and Barbuda\u2019s Ambassador to the United States and the Organization of American States.\u00a0\u00a0\u00a0He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and Massey College in the University of Toronto.\u00a0\u00a0The views expressed are entirely his own)\u00a0 &nbsp; Officials of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":122383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-126915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Proposed global minimum tax rate would be crippling\u00a0 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/proposed-global-minimum-tax-rate-would-be-crippling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proposed global minimum 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