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House Tax Leader Denounces International Plan to Raise Minimum Corporate Tax
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WASHINGTON—The House’s top tax legislator criticized an international agreement to raise minimum taxes on corporations, saying Republicans in Congress wouldn’t accept the deal reached by the Biden administration and more than 130 countries.
Rep. Jason Smith (R., Mo.), who became chairman of the House Ways and Means Committee last month, said the agreement would help China gain a competitive advantage and hurt the U.S.
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