Biden administration offers compromise in global corporate tax talks
Compromise proposal on international tax code would apply to about 100 global corporate giants
08 April 2021 - 21:38
Washington — The Biden administration has floated a compromise proposal to counterparts around the world that would apply a new international tax code to, at most, 100 global corporate giants.
The US plan would consider a company’s profitability in determining whether more of its income should be taxed by the countries where it does business — something the Biden administration argues will resolve long-standing disputes about which companies should be targeted by new global tax rules, according to a document obtained by Bloomberg News...
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