“Policymakers continue to grapple with what the international minimum tax rate will be and what exactly will be subject to the tax.A separate proposal calls for an additional tax on the largest and most profitable multinational business, those with revenue margins of at least 10 percent. Officials want to use that tax to at least 20 percent of revenue going beyond that 10 percent margin for those business, however continue to debate how the earnings would be divided amongst nations around the world. “To have around the world rules for taxing multinationals, for taxing the earnings of big business is a significant modification, is a significant accomplishment.

“Policymakers continue to grapple with what the worldwide minimum tax rate will be and what precisely will be subject to the tax.A different proposition calls for an extra tax on the largest and most rewarding multinational business, those with revenue margins of at least 10 percent. Officials want to apply that tax to at least 20 percent of revenue surpassing that 10 percent margin for those business, but continue to discuss how the profits would be divided among nations around the world. “To have around the world guidelines for taxing multinationals, for taxing the earnings of huge business is a major change, is a significant accomplishment.