this post was submitted on 29 Jun 2025
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G7 agrees to exempt U.S. multinationals from global minimum tax (www.thehindu.com)
submitted 1 week ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se
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[โ€“] vatlark@lemmy.world 24 points 1 week ago (1 children)

I was really optimistic about this tax, but if one of the largest economies gets an exemption then it kinda defeats the point.

https://wikipedia.org/wiki/Global_minimum_corporate_tax_rate

[โ€“] WhatAmLemmy@lemmy.world 19 points 1 week ago

If anyone gets an exemption it defeats the point.

Loopholes for the wealthy is the point of most tax law.