According to a release from Senate Finance Committee Ranking Member Mike Crapo (R-ID), the U.S. will (likely) lose revenue as a result of the Pillar 2 global minimum tax. This conclusion is based on a report prepared by the Joint Committee on Taxation on the Possible Effects of Adopting the OECD's Pillar Two, Both Worldwide and in the United States. The report looks at different scenarios where the U.S. does or does not enact Pillar 2. If the U.S. does not enact Pillar 2, and the rest of the world does, then the U.S. is expected to lose out on...