The Global Minimum Tax: Will US Multistate Tax Conventions Apply?

A quick Google search for “Global Minimum Tax” brings up a host of news articles passionately advocating either for or against the proposal.  In fact, a casual consumer of news could be forgiven for thinking that the global minimum tax is synonymous with the Biden Administration’s Made in America tax plan. The goal of a global minimum tax provision is to make American companies and workers more competitive by eliminating incentives to offshore investment and profit...