Trade and Development - the Caribbean Perspective

  “ G7 nations set minimum global corporate tax rate at 15 percent ” “ G7 finance ministers agree global minimum tax of at least 15% ” “ G7 agrees 'historic' global minimum corporate tax rate ”. These are a few of the headlines discussing the recent agreement by G7 members to mandate a minimum corporation tax  of 15% for the global political and trading economy. As I perused some of these articles, my initial though was – this has interesting dimensions to it but first, I must set aside my dismay at the audacity of a global ecosystem which implicitly cedes power to this sub-set of these powerful nations at the expense of the less powerful. Having successfully convinced myself to do this setting aside, I proceeded to think about some of the different elements of this agreement by the G7 including the membership of this group as well as the positive and negative implications for developing countries and the Caribbean specifically. If you are interested in these considerati...