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US’ Global Minimum Tax Carveout Is an Illusion of Sovereignty

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US’ Global Minimum Tax Carveout Is an Illusion of Sovereignty

  • By Adam Michel

Supporters of the OECD’s new Pillar Two “side-by-side” agreement—which carves the US out of the global minimum tax—claim the deal protects US tax sovereignty and preserves Congress’ authority over domestic tax law.

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