Man the whole world needs to stand up to Trump and US.

So they capitulated to the very worst offenders.

The way I've heard these minimum tax agreements described usually is where all the signatories agree to collect the same minimum corporate tax rate. The article says 15%. The US already has a 21% corp tax rate, setting aside tax incentives.

So what does it mean in this case to say that US corps are exempt? Does this mean that a US corp homed in the Caymans will pay a different rate than a French company in the Caymans? Or that the US is refusing to collect a minimum 15% after tax incentives?

I'm sure it's spelled out in the text of the treaty, but maybe someone here has already done the digging.

Starting to look like the whole world wants to be complicit.

I envision an increase in the numbers of US-based multinational companies.

The amended version excludes large U.S.-based multinational corporations from the 15% global minimum tax after negotiations between President Donald Trump’s administration and other members of the Group of Seven wealthy nations... The Trump administration in June re-negotiated the deal when congressional Republicans rolled back a so-called revenge tax provision from Trump’s big tax and spending bill that would have allowed the federal government to impose taxes on companies with foreign owners, as well as on investors from countries judged as charging “unfair foreign taxes” on U.S. companies... “This deal risks nearly a decade of global progress on corporate taxation only to allow the largest, most profitable American companies to keep parking profits in tax havens,” said Zorka Milin, policy director at the FACT Coalition, a tax transparency nonprofit. Tax watchdogs argue the minimum tax is supposed to halt an international race to the bottom for corporate taxation that has led multinational businesses to book their profits in countries with low tax rates.

Scott Bessent looks like he's trying to do a Will Farrel impression of himself.

This is why labour organizing in the US is so important. "Tax" US multinationals by getting much higher wages.

This is so disappointing. This seemed like such a solid step in the right direction

The fuck they are. Everybody has to pay takes. I hope their offices around the world get closed down or investigated very soon.

This is some bullshit. Should just stop buying anything from US companies.

I was thinking we could throw all the CEOS into Lake Michigan with the Turd Reich and Shitler

Taxes for thee and not for me!

2021? Time for a Truthwarp!

Shocking.

Every leader of every country on this planet is a fucking pathetic spineless fuckwad.

All the countries together have so much more power and resources than the shitty ass fascist US and yet they continue to give Trump and his team of corrupt criminals whatever bullshit they want.

This world and the bottomless pit of corporate and individual greed is absolutely disgraceful.

What's the point then?

Just in case it wasn't obvious who the masters were, it's now enshrined in (another) law.

This encourages multinational companies to move to the United States. The countries allowing the exemption are actively harming their own interests by doing this.

LOL, what? This will most definitely achieve the goal to tax the big corps, right. Right? Well, as long as the orange is happy...

Why?

Just that. Why?

Americans will be amazed at how much stuff we are exempted from in the coming years