Last month in Great Britton the collection of the world’s top eight economic nations (the G8) decided to get tough on multinational corporations evading paying taxes. Last week the top 20 economic nations (the G-20) endorsed the outline of a plan to do the same thing.
However, even if the G-20 supports the final report, it will still be up to each individual country to pass the needed legislation to make the plan work.
As Senator Levin approaches his retirement from the Senate, Congress joining the rest of the world’s big economic nations in taking significant steps to make multination corporations pay their global taxes would be a great tribute to his public service. And I, the South Carolina Small Business Chamber, American Sustainable Business Council and all the other truly small business organizations stand ready to make that recognition a reality.