US Firms Likely to See Relief From Global Minimum Tax Dilemma

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

Amgen Inc., GE Aerospace, and Mastercard Inc. are among the companies that had to pay added taxes in certain countries for 2025 to push their tax bills up to the 15% global minimum, according to more-detailed disclosures now required of US companies. The January agreement to exempt US companies from parts of the tax isn’t retroactive.

In some cases, particularly in Singapore, the ...