The U.S. Congressional Research Services (CRS) has published a report dated 7 July 2022, The Pillar 2 Global Minimum Tax: Implications for U.S. Tax Policy. The report covers the issue of profit shifting, the Pillar 2 proposal, U.S. proposals to conform to Pillar 2, and the impact of the proposals on U.S. revenue and incentives. The report summary is as follows:

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The Pillar 2 Global Minim…