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. 


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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