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World Tax Talks Turn to Getting U.S. Passage: We’re Not ‘Stupid’

Nov. 22, 2021, 12:21 PM

Negotiators hammering out details of a transformative new global corporate tax regime are shaping the deal to maximize its chance of winning acceptance in the U.S., whose companies face the biggest impact from the overhaul.

U.S. Treasury officials and the Organization for Economic Cooperation and Development, which brokered October’s agreement among almost 140 nations, see two fundamental ways of broadening support in a politically divided Washington -- technical tweaks to ensure the U.S. doesn’t lose revenue, and an appeal to corporate lobbies that it’s a less-bad option than going without a global pact.

A key plank of the plan is ...