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Rafael Quintero - The G7’s Corporate Tax Escape Hatch: Fuelling Inequality and Killing Trust in Democracy - Brave New Europe

Summary by Brave New Europe
The G7’s Corporate Tax Escape Hatch: Fuelling Inequality and Killing Trust in Democracy Rafael Quintero Godínez  is a Post-Doctoral Researcher at University College Dublin Cross-posted from Democracy Challenged Website In June 2025 the G7 quietly unraveled one of the boldest tax reforms ever attempted. The OECD global minimum tax was designed to curb profit shifting. A single clause now exempts United States multinationals from Pillar 2’s top-up…

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Montero charges against the G7 decision to exempt US multinationals from paying a minimum tax of 15%.

The vice president of the government criticizes Trump's position on the minimum tax on multinationals and highlights the need for progressive global taxation to combat inequality and ensure the sustainability of the Seville states as t

·Seville, Spain
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Of course some exceptions have been introduced, which have lowered the effective rate below 15%, a threshold already lower than the tax... Read

By meeting US requirements, the G7 agreement risks undermining the worldwide implementation of the global minimum tax

·Brazil
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[25 maps to understand the new global disorder] While Trump torpedoes the global minimum tax of 15% on multinational profits, the Netherlands and Ireland remain the strongholds of tax evasion in Europe.

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De Tijd broke the news in Belgium on Wednesday, July 2, 2025.
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