U.S. Skeptical About Permanent Safe Harbor for GLOBE Tax Framework
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Global Minimum Tax to Reduce Low-Taxed Profit by 70%, OECD Says
In a tax report delivered to the G20 Friday, the Organization for Economic Cooperation and Development said that the 15% global minimum tax is expected to rake in $200 billion annually, and that by 2025 more than 90% of multinational corporations making over 750 million euros ($803 million) will be subject to it.
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