White House Says Global Minimum Tax Has ‘No Force or Effect’
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White House Says Global Minimum Tax Has ‘No Force or Effect’
The OECD global minimum tax rules have “no force or effect within the United States absent an act by the Congress adopting the relevant provisions of the Global Tax Deal,” because they expose American companies to retaliatory international tax regimes, the White House said in a January 20 memorandum.
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