The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
The EPIC Tax proposal aims to eliminate property, income, inheritance, and corporate taxes and replace them with a 7.5% consumption tax rate. Without this program, farmers in rural Nebraska may face a 1% increase in property taxes, leading to higher costs for consumers at the grocery store. The proposal is aimed at keeping essential services funded and preventing frustrations with landowners and consumers. The program is still in the signature gathering stage before potentially being considered by the Nebraska State Legislature for a vote.