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Home Business

US-based multinational companies will be exempt from global tax deal

by LJ News Opinions
January 5, 2026
in Business
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WASHINGTON (AP) — U.S. multinational corporations will be exempted from paying more corporate taxes overseas in a deal finalized by the Organization for Economic Cooperation and Development. The OECD announced Monday that nearly 150 countries have agreed on the plan, initially crafted in 2021, to stop large global companies from shifting profits to low-tax countries,…

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