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Big European states warm to U.S. proposal for minimum corporate tax rate of at least 15%

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Reuters

By Michael Nienaber and David Lawder LISBON (Reuters) – France, Germany and Italy said on Friday that a new U.S. proposal for global minimum corporate tax rate of at least 15% was a good basis for sealing an international deal by July. The U.S. Treasury Department offered on Thursday to accept a minimum rate of at least 15%, significantly below its proposed 21% minimum for U.S. multinational firms. It made the proposal at the Paris-based Organization for Economic Cooperation and Development (OECD) where nearly 140 countries aim to reach broad agreement this summer to rework rules for taxing mu…

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