Amazon.com Inc., Apple Inc. and other U.S. technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers.
A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles
Many governments are likely to wait and see what others, especially a divided U.S. Congress, will do to put the deal into effect
published : 8 Jun 2021 at 04:00 G7 finance ministers attend the first day of the meeting at Lancaster House in London on Friday. Pool/AFP
An agreement by wealthy countries to impose minimum taxes on multinational companies faces a rocky path to implementation, with many governments likely to wait and see what others, especially a divided U.S. Congress, will do.
An agreement by wealthy countries to impose minimum taxes on multinational companies faces a rocky path to implementation, with many governments likely to wait and see what others, especially a divided U.S. Congress, will do.
With the law slated to take effect July 1, two online-industry groups have asked a federal judge to quickly block a measure that Gov. Ron DeSantis championed to crack down on large social-media platforms.