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G7 agrees to exempt U.S. multinationals from global minimum tax
(www.thehindu.com)
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this post was submitted on 29 Jun 2025
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I was really optimistic about this tax, but if one of the largest economies gets an exemption then it kinda defeats the point.
https://wikipedia.org/wiki/Global_minimum_corporate_tax_rate
If anyone gets an exemption it defeats the point.
Loopholes for the wealthy is the point of most tax law.