Business daily – US proposes new 15 percent global corporate tax rate

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The US Treasury has spoken with OECD officials on plans for a global minimum tax on multinational corporations. The Biden administration has watered down the proposal from a tax rate of 21 percent to 15 percent. It still needs to convince allies, particularly in the EU, to get on board. 

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But first, Apple CEO Tim Cook is set to take the stand in a trial brought by Epic Games that accuses the tech company of operating an illegal monopoly through its App Store. 

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