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OECD: Other Countries May Copy US's Minimum Offshore Income Tax

from Bloomberg BNA

Other countries may look to copy the U.S.'s minimum levy on global companies' offshore income in their attempts to refine the taxation of internet-based businesses, according to an Organization for Economic Cooperation and Development official. John Peterson, head of the organization's aggressive tax planning unit, said at a University of Oxford business tax conference that "other countries are interested" in the U.S.'s global intangible low-taxed income scheme introduced from the start of this year for American multinational companies' overseas assets. more

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