Five finance ministers: Why we need a global corporate minimum tax
First, wealthy people and corporations are doing much better than those at the bottom of the economic ladder. Low-wage workers and parents are forced to choose between their health and the safety of their children, on the one hand, and their livelihoods, on the other. As a result, they have disproportionately borne the brunt of the pandemic’s economic harms. Small businesses are suffering after shuttering to protect their communities. Meanwhile, corporate revenue has soared, and high-income workers and shareholders have emerged from the crisis relatively unscathed.