This is CBS I on the World with John Bachelor.

This is CBS I on the World with John Bachelor.

Here's John Bachelor.

This is CBS I in the World. I'm John Bachelor. This is CBS. I'm John Bachelor.

Taxes.

Not only taxes in the United States, not only the IRS, but global taxes.

In the news, because Janet J Yellen and the G7 finance ministers have been discussing

global taxes in several iterations and the G7 itself meeting in Europe in Great Britain, discussing a minimum tax.

That's one of the presentations by the finance ministers.

I welcome Richard Epstein, Professor Richard Epstein, teaches law at NYU and the University of Chicago.

And I learned that Richard's been writing about taxes for 50 years.

So pending Edmund Burke showing up, Richard will do for an overall view of how we've gone

through several administrations, always making tax adjustments that are then

adjusted again. Richard is a senior fellow at the Hoover Institution.

Richard, a very good evening to you, the presentation by the finance ministers of G7.

Finance ministers, including Janet Gellen, former chairman of the Federal Reserve now, Secretary of the Treasury, is three

parts to my reading and I go quickly through one, a tax rate on the 100 largest multinationals on earth. That is not a named list but we can

guess of some of them. Two, a minimum tax, global minimum tax on corporations, and three, a digital tax on companies, corporations,

multinationals that do business in a country without a presence in the country.

Google would be an example advertising.

I want to start with the global minimum tax

because that has come up again in headlines from the G7 meeting.

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