Taxes
U.S. Floats 15% Global Minimum Tax on Corporate Profits
- International negotiators targeting mid-2021 agreement
- Biden has pitched 21% rate for global income tax on U.S. firms
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The U.S. called for a global minimum corporate tax of at least 15%, less than the 21% rate it has proposed for the overseas earnings of U.S. businesses -- a level that some nations had argued was excessive.