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U.S. Skeptical About Permanent Safe Harbor for GLOBE Tax Framework

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U.S. Could Lose Billions Under OECD Pillar 1 Tax Rules, JCT Says

  • By Stephanie Soong

Revised profit allocation rules under pillar 1 of the OECD’s two-pillar global tax reform plan could have cost the United States as much as $4.4 billion in 2021, according to caveated estimates from the Joint Committee on Taxation.

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