US Multinationals to Benefit from Global Minimum Tax Relief
TL;DR Summary
The OECD has finalized a global tax deal that exempts U.S.-based multinational corporations from paying a 15% minimum tax overseas, amid negotiations that aimed to curb profit shifting to low-tax havens, with mixed reactions from different political and advocacy groups.
- US-based multinational companies will be exempt from global tax deal ABC News
- US will be exempt from global tax deal targeting profits of large multinationals The Guardian
- OECD collapse will lock in countries’ tax losses to US firms Tax Justice Network
- US multinationals get global minimum tax relief deal CFO Dive
- OECD Finalizes Agreement on Global Minimum Tax Bloomberg.com
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