136 countries agree on a minimum global corporate tax, but Republicans say no

Tampa Bay Times

August 1, 2022
The Organization for Economic Co-operation and Development (OECD) headquarters is pictured in Paris. Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax. [ FRANCOIS MORI | AP ]

The Organization for Economic Cooperation and Development estimates that this minimum tax will generate $150 billion in global tax revenues annually.