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By Bruce Zagaris
As the G7 meetings concluded in Cornwall, England, one outcome was an agreement on a global minimum tax. This initiative will further squeeze the Caribbean just as it is struggling to recover from the harm the COVID-19 pandemic wreaked on tourism, the region’s main economic sector.
May 20, 2021, represented somewhat of a turning point in this regard. The United States Department of the Treasury proposed a 15 percent rate as a starting point for the Organization of Economic...