Faced with the threat of a tax war from the US government, which considered imposing steep additional taxes on foreign companies operating in the US, the G7 countries agreed to strip much of the substance from the 15% global minimum corporate tax agreement.
If I remember correctly, then the US pushed for the IJC in The Hague without participating. Is this a pattern and the tax advantage for the US was the goal from the start?
I dont think I’m smart enough to provide an educated answer to this, but it does feel like a pattern where the US disreguard international agreements