A complex worldwide plan to clamp down on corporate tax havens is making rapid strides on the geopolitical stage, but its fate might ultimately lie in the halls of a deeply divided United States Congress. Last weekend, the Group of 20 major economies backed an ambitious global tax plan that would effectively create a floor for how low countries could collectively set taxes on highly profitable companies in order to discourage tax avoidance. The G20’s approval came shortly after 130 of the member states that make up the bulk of the Organization for Economic Cooperation and Development signed on to support a blueprint for the plan earlier this month. “The race to the bottom is one step closer
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