The U.S. Congressional Research Services (CRS) has published a new report dated 25 August 2021 on Minimum Taxes on Business Income: Background and Policy Options. The report summary is as follows: --- Minimum Taxes on Business Income: Background and Policy Options Some large corporations pay little or no U.S. tax as they report significant profits to shareholders. In an effort to curb tax avoidance among the largest corporations, the Biden Administration has proposed a 15% minimum tax on worldwide book income for corporations with pretax net income of more than $2 billion. Multilateral organizations have also proposed a worldwide minimum...