Saturday, August 20, 2022

If You Like the IRS, You’ll Love the Global Revenue Service

 https://www.wsj.com/articles/if-you-like-the-irs-youll-love-the-global-revenue-service-janet-yellen-treasury-inflation-reduction-act-tax-american-businesses-sovereignty-code-revenue-constitution-11660754243?mod=opinion_lead_pos7

As the Internal Revenue Service prepares to spend its $80 billion gift, Treasury Secretary Janet Yellen is working on global tax rules that would require a global revenue service. The overwhelmingly complex plan, which includes the global minimum tax, amounts to a new global tax code.

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