 "Global deal on corporation tax nears first stage as G-7 seeks common ground")
European governments are increasingly confident a deal will soon be struck with the US on a minimum global corporate tax and related measures to make multinationals pay more to the countries they operate in, according to people familiar with the matter.
US President Joe Biden’s administration last week floated a global minimum tax of at least 15 per cent, less than the 21 per cent rate it has proposed for the overseas earnings of US businesses — a level that countries including the UK regarded as too high.
While European nations warmly received that offer, they’ve also been
US President Joe Biden’s administration last week floated a global minimum tax of at least 15 per cent, less than the 21 per cent rate it has proposed for the overseas earnings of US businesses — a level that countries including the UK regarded as too high.
While European nations warmly received that offer, they’ve also been
