Today news
About the same in other media
Global Tax Deal Would Undercut U.S. Tax Breaks, Businesses Warn
Reading now: 839
WASHINGTON—The emerging global minimum-tax agreement would make domestic tax breaks less valuable for some U.S.-based companies, potentially limiting the effectiveness of incentives for research, exports and low-income housing, businesses are warning.
Their concerns stem from proposed international rules about how nations can use tax breaks to aid companies’ home-country operations, under the global deal that puts a 15% floor under corporate tax rates. To create a level playing field, the rules let other countries impose taxes if multinational companies pay too little at home. U.S. policy makers are still assessing any impact, but companies are starting to raise alarms.
Read more on wsj.comAbout this in other media
Some Lawmakers Want to Halt Gas Tax Amid High Inflation. Others See a Gimmick wsj.com /2 years ago
U.S. Faults China for Failing to Meet Purchase Targets Under 2020 Trade Deal wsj.com /2 years ago
Manchin Pushes Democrats to Revisit Tax-Rate Hikes, Sinema Could Present a Roadblock wsj.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
