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Global minimum tax spurned by 9 countries, complicating new deal


By Megan Henney


Former Wisconsin Congressman Sean Duffy and Payne Capital Management President Ryan Payne discuss a new report from the Tax Policy Center on how many Americans could be impacted by tax hikes under President Biden.

A group of 130 nations reached a groundbreaking agreement last week for a global minimum tax rate on corporations, but the tentative deal has been complicated by a handful of countries that refused to endorse the blueprint.

Treasury Secretary Janet Yellen announced Thursday that 130 of the 139 countries in the Organization for Economic Cooperation and Development …

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