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Global Minimum Tax Momentum Gains With G-20 Seeing Mid-Year Deal

  • U.S. is pushing for 21% rate, well above 12.5% floated so far
  • Irish Finance Minister Donohoe signals possible opposition
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Photographer: Nathan Laine/Bloomberg
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The drive to overhaul global taxes for companies gathered more steam on Wednesday after Group of 20 finance chiefs, encouraged by new U.S. proposals, pledged to reach a consensus on new rules by mid-year.