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The proposed 15 percent global minimum corporate tax, which is part of a broad reform of international tax policy led by the Organization for Economic Cooperation and Development (OECD), is being adopted in several jurisdictions, notably the European Union, UK, and Switzerland. However, it faces strong opposition in a divided Congress and the US is unlikely to participate, even as US companies may face increasing demands for tax by jurisdictions that have adopted the framework into national tax law.
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