It would update a century's worth of international taxation rules to cope with changes brought by digitalization and globalization. The most important feature: a global minimum tax of at least 15%, a key initiative pushed by U.S. President Joe Biden and Treasury Secretary Janet Yellen....
By 2016, over half of all U.S. corporate profits were booked in seven tax havens: Bermuda, the Cayman Islands, Ireland, Luxembourg, the Netherlands, Singapore, and Switzerland....
That costs the U.S. Treasury
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2021-10-08 00:00:00.0