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Full Version: 136 countries reach deal on corporate minimum tax
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By DAVID McHUGH and DANICA KIRKA
today


FRANKFURT, Germany (AP) — More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries.

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The agreement among 136 countries representing 90% of the global economy was announced by the Paris-based Organization for Cooperation and Economic Development, which hosted the talks that led to it. The OECD said that the minimum tax would reap some US$150 billion for governments.


https://apnews.com/article/joe-biden-bus...62bd6fb6d3