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House Tax Leader Denounces International Plan to Raise Minimum Corporate Tax

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House Tax Leader Denounces International Plan to Raise Minimum Corporate Tax

  • By Richard Rubin

Rep. Jason Smith (R., Mo.), the chairman of the House Ways and Means Committee, said that the international agreement to raise minimum taxes on corporations will not be accepted by Republicans in Congress. Mr. Smith warned that House Republicans will pursue tax and trade countermeasures. A spokesperson for the OECD said that a response would be offered to Mr. Smith’s letter.

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