Today news
About the same in other media
Sen. Joe Manchin Balks at Global Minimum Tax Championed by Biden
Reading now: 771
WASHINGTON—The Biden administration’s international tax agenda suffered a setback when Sen. Joe Manchin rejected a 15% minimum tax on multinational companies this past week, dimming prospects of turning last year’s global tax agreement into reality.
Biden administration officials had planned to use Democratic fiscal legislation to enact the U.S. piece of the deal struck last year by Treasury Secretary Janet Yellen and more than 130 other countries. They wanted quick action to set a 15% minimum tax on U.S.-based multinational companies in each country where they operate, a move aimed at showing international leadership and prodding other countries to follow suit.
Read more on wsj.comAbout this in other media
In Dizzying 24 Hours, Biden Gets Warnings on the Economy—and Hope for His Agenda wsj.com /1 year ago
Xi, Biden exchange warnings as Pelosi's plans to visit Taiwan spark tensions euronews.com /1 year ago
Biden-Xi make plans to meet in person, U.S. official says — and China's leader has strong words on Taiwan cnbc.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
