This is a guest post by Richard Murphy, a visiting professor of accounting at Sheffield University Management School and a long-standing member of the campaign group Tax Justice, arguing that Biden’s tax plan has its challenges but is still an unexpectedly robust attempt to curtail International corporate tax arbitrage.President Biden’s new ‘Made in America Tax Plan’ represents a significant change in US thinking on corporation tax issues. As a result it opens up the possibility of significant new international tax reform. If delivered this plan could be as significant for the clamp down on tax abuse as Obama’s agreement to move against tax havens in 2009.The US’s change of heart reflects three realities. The first is the declining US corporate tax take despite an
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This is a guest post by Richard Murphy, a visiting professor of...