A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that U.S. President Joe Biden ...

The global pact reached a compromise that allows countries to impose an additional tax on some of the profits of about 100 of the world’s richest companies based on where their sales are.

A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 countries, the Organisation for Economic Cooperation and ...

The deal has become crucial to Mr. Biden’s domestic agenda, with the White House and Democrats in Congress now relying on revenue from a new 15 percent global minimum tax and other changes to ...

The push toward a global minimum tax deal, in many ways, began in 2017 with the passage of the Tax Cuts and Jobs Act (TCJA), which introduced a first-of-its-kind minimum tax on the foreign ...

Pillar One of the global tax deal would revamp which countries get to tax the profits of large multinational corporations, seeking to give more rights to places where those companies do business ...

And when it came to the global tax deal, tax writers pressed Tai about the potential for the return of digital services taxes. That’s not an idle worry for American policymakers, either.

A global tax deal is inching toward implementation after negotiators presented a legal text that sets out who can levy the profits of the world’s biggest corporations in order to prevent a ...

The global tax deal endorsed by world leaders at the recent G-20 meeting in Rome reflects the adage “To retain tax sovereignty, a state must relinquish it.” This seeming paradox refers to states’ ...

When President Biden led the way almost two years ago in brokering a worldwide deal to set a minimum corporate tax rate, it looked like a triumph abroad. Now, as the world comes closer to actually ...

PARIS (REUTERS) - A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 countries, the Organisation for ...

A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 countries, the Organisation for Economic Cooperation and ...