Political Hedge, US News

U.S. agrees in G-7 deal to set corporate global minimum tax of rate of 15%

The Biden administration reached an agreement Saturday with other Group of 7 industrialized nations to tax multinational corporations at least 15%, even as President Biden seeks to raise domestic taxes on U.S. corporations to at least 21%.

The G-7 finance ministers reached the tentative agreement in London, saying it would …

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