Deal reached on 15% global minimum corporate tax
Deal reached on 15% global minimum corporate tax
By David McHugh and Danica Kirka | Associated Press
LONDON — Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big multinational companies are taxed and deter them from stashing profits in offshore havens where they pay little or no tax.
Under the agreement announced Friday, countries would enact a global minimum corporate tax of 15% on the biggest,…