G7 and US Lawmakers Reach Consensus on Fair Tax Policies for Companies
TL;DR Summary
G-7 countries have agreed on a 'side-by-side' tax system to prevent a global tax war, with the US removing the controversial Section 899 from its tax bill, aiming for greater stability in international corporate taxation and addressing digital economy tax issues.
- G-7 Countries Agree to ‘Side by Side’ Tax Deal for US Companies Bloomberg
- G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight The New York Times
- G7 agrees to avoid higher taxes for US and UK companies Reuters
- Lawmakers remove ‘revenge’ tax provision from Trump's big bill after Treasury Department request AP News
- GOP agrees to drop 'revenge tax' from megabill after Bessent cites progress in global talks Politico
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