Moderate Democrats Ask Pelosi to Pause Global Minimum Tax Work

Oct. 15, 2021, 8:19 PM

Three moderate House Democrats are asking Speaker Nancy Pelosi to slow down a piece of President Joe Biden’s tax plan that would change the rules for the minimum levies that U.S. companies pay on their overseas income.

The lawmakers are asking House leaders to wait on any change in international tax rules for U.S. companies until other countries implement an agreement to set a 15% minimum corporate tax rate. That deal, which also re-writes the rules for where corporations will pay their taxes, could take years to be enacted worldwide.

Effectively, the lawmakers are asking Democrats to remove the ...

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