How Much Would Corporate Taxes Rise Under a Global Minimum Tax?
New IMF estimate suggests the proposed 15% minimum tax would result in governments worldwide collecting a total of about 5.7% more from corporates—or roughly $150 billion.
Global Minimum Tax May Not Make It Past the U.S. Congress
In the Senate, two Democrats remain holdouts, and businesses have not signed on to the idea as Treasury expected them to.
Corporate Concerns over Global Tax Deal
While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses.
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