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What in the World Is a Global Minimum Tax?

Why It Matters

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Corporate Tax Ratio in the US

countries want big companies to reside in their borders. This isn't just for bragging rights, but also because it could provide jobs and promote local economic growth. In reality, after the effect of tax loopholes or deductions or incentives, corporations aren't paying a huge amount of tax e. s., company might reinvest in growth and development. The global minimum tax of 15 % is actually lower than the us. Is current 21 % tax rate.

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