Corporate taxation in the United States

Greece's two oil refineries, HELLENiQ Energy and Motor Oil paid a first installment of a one-off windfall tax on their 2022 profits in July, officials have told Kathimerini. 

The windfall tax was imposed by the European Commission for all bloc members and it adds up to 33% on those 2022 profits that exceed the refiners' 2018-2021 average by 20%. 

The Organisation for Economic Cooperation and Development (OECD) has failed in its efforts to reform the international tax system despite several deals in recent years, the Tax Justice Network said yesterday, calling for the United Nations to take over responsibility.

Leaders of the world's biggest economies on Oct. 30 endorsed a global minimum tax on corporations, a linchpin of new international tax rules aimed at blunting the edge of fiscal paradises amid skyrocketing profits of some multinational businesses.

US Treasury Secretary Janet Yellen has called for a global minimum corporate tax rate for companies that work internationally.

United States are working with G20 nations to agree to a global minimum corporate tax rate that can stop the downstream said the Secretary to the Chicago Council on Global Affairs.