Can Congress Fix Treasury’s GLOBE Mistakes?
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Can Congress Fix Treasury’s GLOBE Mistakes?
The OECD's pillar 2 global minimum tax proposal is advancing. It raises concerns for U.S. taxpayers and lawmakers about its potential impact on U.S. corporate tax revenues and the country's position in the global tax landscape. Mindy Herzfeld discusses the complexities and potential issues surrounding investment tax credits and their interaction with the pillar 2 global minimum tax rules, highlighting the potential elimination of benefits from specific tax incentives designed by Congress.
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