corporate-tax

As part of its international tax negotiations, the Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15 percent, calling it a “floor” from which it hopes “ambitious” discussions will push that rate higher. Treasury made the announcement in a Thursday release, which came after two days of meetings as part of the Organization for Economic Cooperation and Development (OECD) / G20 steering group on tax base erosion and profit shifting.

Corporate taxation has always been a vexing concern for both businesses and governments.

House Ways and Means Committee Chairman Kevin Brady (R-Texas) hosted a hearing last month exploring how to reform the U.S. corporate tax system.