A revised global agreement preserves a 15% minimum corporate tax while exempting U.S. multinationals from key enforcement rules. But what will that look like in practice?

・Treasury is drafting guidance to let companies fully claim retroactive R&D deductions restricted by the 15% minimum tax. ・The shift could free up tens of billions in benefits for research-intensive ...

Rumours of the death of Pillar 2, the OECD’s global minimum tax, appear to have been exaggerated, but the international, rules-based order may be discovering its limits, says Tim Sarson Businesses ...

A recent US carveout from the OECD’s global minimum tax deal has raised concerns about whether the international consensus to curb corporate tax avoidance is beginning to fray.

[Stay on top of transportation news: Get TTNews in your inbox.] The U.S. and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes, the ...

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 ...