If Congress spurns the global tax deal, other countries are ready fill that void and collect taxes themselves to bring U.S.-based companies up to the 15% global minimum.
By Laura Davison & Isabel Gottlieb |
July 29, 2022 at 03:29 PM
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The groundbreaking global corporate-tax agreement secured last year by Treasury Secretary Janet Yellen included a “failsafe” measure to encourage compliance by its 137 signatories.
That tripwire now looks to be tested by its biggest member economy: the United States.
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