New global rules set to end race to cut corporate taxes
Move set to spark big gains in tax revenues in many countries
HIROFUMI TAKEUCHI, KAZUYA MANABE and YUMIKO OSHIMA, Nikkei staff writers | Japan
TOKYO/NEW YORK — Decades of some countries cutting their corporate tax rates as they compete to lure big businesses look set to screech to a halt after some 140 nations and regions agreed a new global minimum rate of 15%.
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