G7 nations have reached a groundbreaking agreement, exempting US and British multinational corporations from key provisions of the global minimum tax through a new "side-by-side" system. This framework acknowledges existing US tax laws, allowing American firms to be taxed domestically. The move aims to provide stability and certainty in the international tax system, addressing concerns raised by businesses.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ol2Hv8Y
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