
Global Tax Deal: US Firms Get Exemption Despite Biden's Push
An OECD agreement initially forged under President Biden to impose a 15% global minimum corporate tax, aimed at preventing profit shifting to tax havens, has been amended to exempt U.S. multinational corporations following negotiations initiated during the Trump administration. This revised deal, hailed by U.S. officials as a victory for national sovereignty, alters the landscape of international tax cooperation and raises questions about the global effort to combat tax avoidance.


















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