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global minimum tax
Global Corporate Minimum Tax Skeptics Say ‘Cartel’ Will Lead to Higher Taxes
The global minimum tax has its share of sceptics who foresee higher taxes and other economic hits from the scheme aimed at large multinationals that avoid paying taxes by shifting profits to tax-friendly countries.
US Floats 15 Percent Global Corporate Tax as ‘Floor’ From Which It Hopes to Push for Higher Rate
As part of its international tax negotiations, the Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15 percent, calling it a “floor” from which it hopes “ambitious” discussions will push that rate higher. Treasury made the announcement in a Thursday release, which came after two days of meetings as part of the Organization for Economic Cooperation and Development (OECD) / G20 steering group on tax base erosion and profit shifting.
