G7 agrees to avoid higher taxes for US companies

The United States and the Group of Seven nations have agreed to support a proposal that would exempt US companies from some components of an existing global agreement, the G7 said in a statement on Saturday. The group has created a “side-by-side” system in response to the US administration agreeing to scrap the Section 899 retaliatory tax proposal from President Donald Trump’s tax and spending … Continue reading G7 agrees to avoid higher taxes for US companies