At a time when inflation is running rampant, supply chain issues continue to plague Americans, and the economy is flailing, American multinationals now have tax increases to worry about.  And it’s fair to ask how this is the case when there has been no significant legislation that would increase taxes on U.S. companies.

The Biden administration came to agreement in October with 137 countries led by the Organisation for Economic Cooperation and Development (OECD) and the G20 to establish a global minimum tax rate. 

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