Global Tax Deal Moves Ahead Sparking New Republican Resistance

Republicans are plotting ways to push back on the landmark global tax deal agreed to by nearly 140 countries, including by calling to pull US funding for the OECD that’s leading the negotiations.

GOP lawmakers oppose the additional tax that could be levied on US companies under the global tax plan that was agreed upon in 2021.

Response from Republican lawmakers may include legislation expressing GOP discontent, and pushing a future administration to impose tariffs on countries applying more tax on US companies. While much of the action will have limited impact with a Democratic president and Senate, it signals ...