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US push for global minimum tax gets green light from 130 leaders

States set to pass laws ensuring companies headquartered in their countries pay the 15% tax

Global leaders have given the backing for a worldwide minimum tax rate that is part of rules aiming to reset how multinational firms pay tax on profits they make across different jurisdictions.

The move is celebrated as a major step in securing a final agreement on a key element of the Biden administration’s domestic plans for revenue raising and spending.

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How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line