U.S. Treasury Offers 15% Corporate Tax in Global Talks

“The U.S. will accept a global minimum corporate tax rate as low as 15% in international negotiations, below the 21% level it has been seeking for U.S.-based companies’ foreign income,” the Wall Street Journal reports.

“The move could make it easier to reach the multilateral agreement that Treasury Secretary Janet Yellen has been seeking, but an agreement at 15% would raise less revenue for governments. And, depending on where the U.S. sets its policies, a 15% minimum tax on companies headquartered outside the U.S. could give those businesses an advantage over those based in the U.S.”