PARIS — More than 145 countries have agreed to update a landmark global tax deal, carving out exemptions for U.S. multinationals after Washington pushed back against rules designed to ensure big ...
FILE PHOTO: OECD Secretary-General Mathias Cormann gestures as he speaks during a press conference on the second day of the 2025 Ministerial Council Meeting at the OECD Headquarters in Paris, France, ...
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US companies score wins in global tax deal
WASHINGTON—The Trump administration won international tax-policy concessions sought by Republicans and companies, reshaping the Biden-era global corporate minimum-tax deal without abandoning it. The U ...
On January 5, 2026, the Organisation for Economic Co-operation and Development (OECD) released a long-awaited package of administrative guidance which introduces a number of new safe harbors within ...
By introducing a global minimum rate of 15 percent and allowing countries to apply a top up tax, the system aims to ensure ...
Following months of negotiations and speculation, the OECD released a “side-by-side” package on January 5, 2026, which is intended to address U.S. concerns about the global minimum tax (also known as ...
The new global minimum corporate tax took a bite out of GE Aerospace's bottom line last year and prompted the company to pay more taxes in Singapore. Key pieces of the agreement among 140 countries ...
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