logo
episode-header-image
May 2021
17m 57s

Making multinationals pay

Bbc World Service
About this episode

It could be the biggest shake-up of corporate taxation in history. But can President Biden's push for a minimum global rate succeed? He wants multinational companies to pay a rate of at least 21%. The proposal is likely to face opposition from smaller economies. Tech consultant Pamela Newenham explains how Ireland's low tax regime has helped to transform the country's capital. Others say the proposal doesn't go far enough. We hear why from Nobel prize-winning economist Joseph Stiglitz. We also hear from the man leading the charge for reform at the OECD, Pascal Saint-Amans, and Danny McCoy, head of Ireland's biggest business group.

Picture: Stock photo of a yellow warning sign on a fence (Credit: Getty)

Up next
Yesterday
Business Daily meets: Fani Titi, Investec CEO
The South African grew up under the racist apartheid system as one of 14 children. He looked set for a life in farming, until a chance event took him down a different path – ultimately becoming CEO of the multinational banking group, Investec. Presenter: Leanna Byrne Producer: El ... Show More
17m 27s
Oct 8
Small country: Big tariffs
We head to Switzerland, a small but very successful country with a population of just 9 million.And now coping with some of US President Donald Trump’s highest tariffs. In August the original threat of 31% tariffs was raised to 39%. Two months on, efforts to negotiate with Washin ... Show More
17m 30s
Oct 7
Should we expect more airline delays?
Passengers are suffering more disruption as technology at airports, airlines and air traffic control is failing.But why is aviation software becoming more prone to failure and vulnerable to cyber-attacks, and what is the solution to preventing delays?Presented and produced by Rus ... Show More
17m 28s
Recommended Episodes
Aug 2022
US inflation falls from June heights
There's minor relief for American consumers after inflation slowed from 9.1% in June to 8.5% in July. The lower-than-expected figure is mainly due to decreasing fuel costs. Although prices are still running relatively high, President Joe Biden says it's a sign his economic strate ... Show More
50m 58s
Dec 2017
Surveillance: White House Would Love to Get Rid of the AMT Rate, Cohn Says
Willem Buiter, Citigroup Global Chief Economist, says he would not give the GOP tax package particularly high marks. Alan Krueger, Princeton University Economics Professor, says the opioid crisis is a result of American medical practices and the government can do more to aid it. ... Show More
37m 44s
Sep 2022
The sterling slumps as the dollar stays strong
The British pound plunges against the dollar to its lowest level in almost four decades. Investors seek protection in the US currency as recession fears grow in other markets. We talk to Kenneth Rogoff, former chief economist at the International Monetary Fund. The second largest ... Show More
49m 42s
Sep 2022
The global impact of a robust dollar
As the dollar reaches historic highs against currencies in both emerging and developed markets, the chances of battling inflation rates shrink outside the United States. The Euro, the British pound, and the Japanese yen have depreciated at unprecedented this year. Steve Hanke, a ... Show More
50m 48s
Mar 2023
EU responds to US Green Deal by relaxing state aid rules
The European Union will allow members to offer subsidies that match those offered by the US Inflation Reduction Act to prevent an exodus of green energy projects. The White House's $369 billion initiative has been criticised by many countries, which fear it could attract local co ... Show More
55m 52s