Home Stock Market The US targets a global tax deal that focuses on fewer than...

The US targets a global tax deal that focuses on fewer than 100 companies


The Biden administration has introduced new proposals for the taxation of multinationals to secure an international agreement to reduce tax avoidance, especially for large technology and pharmaceutical companies.

The administration is looking to limit the number of companies that will come under an agreement to address the site-difficult income taxation challenge. The United States is currently proposing a discerning approach based on the size and profitability of firms – rather than on the characteristics of firms.

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