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Global Minimum Tax: Usa Enforces Exemption Rule for Its Own Companies
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Four years ago, nearly 140 countries in the world had agreed on a global minimum tax for companies, but what the G7 states sold as a huge success was actually only a global agreement on lower taxes. Now, the US government has negotiated with its allies that US corporations are exempt from the rules. If one farce leads to the next: the G7 states have agreed to exempt large US corporations from the Global Minimum Tax (GloBE) last week. The Canadia…
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