WASHINGTON—The Group of Seven (G-7) leaders rallied around a global tax deal last week in an effort to make big multinational companies pay their fair share of taxes. The deal met with swift opposition from Republicans, who called it “tax surrender” for the United States. Studies show that U.S. companies are likely to see the greatest impact on their taxes under the new proposal. Leaders of the world’s seven richest nations on June 13 endorsed a plan that would allow governments to tax large companies more broadly and implement a global minimum tax of 15 percent. The proposal, however, faces a roadblock in Congress. It may require changes to international tax treaties, which need bipartisan support. Several Republican lawmakers have already opposed the G-7 agreement. “If the policy has to be adopted through a new tax treaty, which I think is likely, then you will need a two-thirds majority in …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta