Most recently, having failed to increase corporate taxes in Congress, the Biden administration entered into an international agreement with the Organization for Economic Cooperation and Development (OECD) to set minimum tax levels on all corporations within signatory countries. While GOP lawmakers said the agreement had “no path forward” toward approval as a treaty, provisions written into the agreement allowed foreign countries to tax U.S.-based corporate profits as a punitive measure, if senators do not approve it.
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How much longer? ❓❌ 👎