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Why Republicans don’t want major corporations like Amazon to pay even a minimum tax rate of 15%

Mitch McConnell

Summary List Placement

The Biden administration moved one significant step closer to achieving one of its key tax goals over the weekend when the G-7 group of major global economies announced it had struck a deal to levy a 15% minimum tax on multinational corporations.

The G-7 deal marks the start of a potentially historic measure, and signals support from key allies for a deal that would tamp down on tax havens — and work in tandem with tax increase proposals from the Biden administration.

The agreement contains a pair of planks that, if enacted, would increase the amount of details ⇒

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