US Secures Exemptions in Global Corporate Minimum Tax Deal
The OECD's agreement to exempt the US from its Pillar 2 tax reform is criticized for undermining global tax sovereignty and costing countries billions in lost revenue, with the Tax Justice Network highlighting the shift of profits and tax abuses by US multinationals. Meanwhile, UN-led negotiations are advancing a more equitable 'pay-where-you-play' approach, challenging the US and OECD's influence on global tax rules.