Corporate taxes

The countries have joined a global agreement on overhauling international taxation.

The ministers endorsed an overhaul of how countries tax big corporations, setting it for approval by heads of state at a summit later this month.

The Biden administration said it’s close to securing agreements from a number of countries on withdrawing their so-called digital service taxes.

As governments celebrate another advance toward a global tax accord, an obscure legal question in the U.S. threatens to tear it apart.

Nations resolved key differences over the level of a global minimum rate and an end to new digital taxes.

Global talks to reshape the corporate tax landscape are resuming on Friday with some holdouts to the international consensus on a minimum rate falling into line to back an agreement that still hangs in the balance.

The country's climbdown removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals.

The 140 countries attempting to conclude years of negotiations are racing against a ticking clock.

A revival of the pollution-prevention tax will hit affected industries with higher rates than the original.

Waiting until after potential rate increases go into effect could lower values.