China and EU Halt Revised OECD Minimum Tax Plan, Fueling US Revenge Tax Concerns

The OECD global minimum tax plan faces significant delays after China and several EU nations blocked a revised version that included exemptions for U.S. companies. This standoff risks unraveling the 2021 agreement among 135 countries, potentially triggering U.S. retaliation measures. Negotiations remain stalled, with officials warning of a critical impasse. China's objection centers on unequal [...]