Republican Bill Could Set Off Global Tax Fight

Contributing sentiments towards policy:

64% : However, tax experts noted that if the bill becomes law it could give the Treasury Department less leeway in international tax negotiations and potentially scare off foreign investment.
59% : " There are also questions about whether the legislation would violate international tax treaties, and how it would be applied to foreign individuals in the United States.
51% : The legislation would substantially increase the tax bills for foreign companies that operate in the United States if they are based in countries that try to enforce the 2021 agreement and collect higher taxes from American multinational firms.
48% : In Mr. Trump's first term, his administration initiated trade investigations into nine countries and the European Union in preparation to retaliate over their plans to impose so-called digital services taxes on economic activity generated online.
47% : A measure tucked in the One Big Beautiful Bill Act would increase tax rates on such companies by as much as 20 percentage points over time if their headquarters are in "discriminatory foreign countries."
45% : European Union countries have given the United States a reprieve from the tax deal while its future remained in limbo.
26% : Since taking office, President Trump has made clear that he wanted nothing to do with a 2021 deal brokered by the Biden administration that aimed to rewrite the rules of how the world's largest companies would be taxed around the globe.

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