ICRICT 103d ago

At the EU Tax Symposium (European Parliament, March 17), Nobel laureate Joseph Stiglitz delivers a powerful closing message: Trump's destruction of global tax rules has created an unexpected opportunity. Key moments from this clip: 🌍 Why the OECD's "inclusive" framework was actually exclusive—run by rich countries for rich countries 📉 How developing countries were asked to give up digital tax rights for nothing in return 🇺🇳 The African Union's move to the UN—the RIGHT place for global tax negotiations ✅ Why the US not participating is "good news" for meaningful progress 💡 The vision for a "G minus 1" coalition of the rest of the world The global minimum corporate tax was supposed to make the system fairer — but did it? In this clip, economist Joseph Stiglitz argues that the OECD's 15% rate (with carve-outs effectively bringing it to 12–13%) set a floor, not a goal, and that Pillar 1 left developing countries worse off than before. After Trump's withdrawal and Europe's capitulation, he sees an unexpected opening: meaningful reform at the UN Tax Convention, led by a "G Minus 1" coalition — the rest of the world moving forward without the U.S. 📖 🎬 Chapter Markers | Timestamp | Chapter Title | | `0:00` | Why the Global Minimum Tax Should Be 25% | | `0:27` | OECD Set It at 15% — With Loopholes That Made It Even Lower | | `0:49` | Trump Arrived & Europe Capitulated | | `1:52` | Europe's Lost Sovereignty: Tech Dependence & the Ukraine Factor | | `2:18` | Pillar 1: The Promise of Fairer Tax Allocation | | `3:00` | How Pillar 1 Failed Developing Countries | | `4:07` | The Silver Lining: U.S. Withdrawal Opens the Door at the UN | | `5:23` | Hope for a "G Minus 1" Coalition & the Path Forward | #JosephStiglitz #UNTaxConvention #GlobalMinimumTax #TaxJustice #TaxTheSuperRich #OECD #EuropeanParliament