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taxation

Transnational Corporations Provoke A Single Scream Of Horror

Within the United Nations, there is a little-known debate about the status of global tax regulation. In August 2023, UN Secretary-General António Guterres released a draft document called ‘Promotion of Inclusive and Effective International Tax Cooperation at the United Nations’. This document comes out of a long debate led by the Global South about the unregulated behaviour of transnational corporations (especially the ways in which they avoid taxation) and about the fact that discussions regarding regulations have been dominated by Global North countries (notably those in the Organisation for Economic Cooperation and Development, or OECD, an intergovernmental platform largely made up of the richest countries in the world).

To Protect Our Children, Let’s Tax Our Rich

America’s social studies textbooks urgently need an update — on child labor. Our textbooks, ever since the middle of the 20th century, have been applauding the reform movement that gradually put an end to the child-labor horrors that ran widespread throughout the early Industrial Age. Now those horrors, here in the 21st century, are reappearing. The number of kids employed in direct violation of existing child labor laws, analysts at the Economic Policy Institute this past March reported, has soared 283 percent since 2015 — and 37 percent in just the last year alone. Last week brought the alarming news that three Kentucky-based McDonald’s franchises had kids as young as 10 working at 62 stores in four different states.
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