The US Treasury brings a minimum tax of 15% into force on transactions

by time news

2024-09-13 04:43:24

In the middle of the election campaign in the United States, the Biden administration is leading an attack against tax avoidance by large corporations. The Treasury Department, equivalent to the Ministry of Finance, wants to impose a minimum tax of 15% on American companies that produce more than one billion dollars in profit per year. The initiative is supposed to take 250 billion dollars over ten years.
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