US multinationals get global minimum tax relief deal

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. U.S. multinational companies will not be subject to global minimum tax rules developed by the Organization for Economic Cooperation & Development nations, as part of an agreement announced by the OECD and U.S. Treasury Department Monday. The OECD announced 147 countries agreed to adopt a "side-by-side system" that creates safe harbors to Pillar 2 rules, which aim to impose ...