August 14, 2023
It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms owed the federal government little or nothing at all.
Instead, the policy championed by President Biden remains bogged down in Washington amid growing legal uncertainty — and a barrage of fierce lobbying by companies that don’t want to foot the bill.
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