U.S. backs a 15 percent global minimum tax on big companies as it tries to enlist other countries.

By Alan Rappeport

The Biden administration proposed a global tax on multinational corporations of at least 15 percent in the latest round of international tax negotiations, Treasury Department officials said on Thursday, a lower-than-expected offer as the U.S. looks to reach a deal with countries that fear hiking their rates will deter investment.

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