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flag USA threatens Australia with retaliatory taxes over support for global minimum tax project.

flag Australia may face retaliatory US taxes due to its support for the OECD’s global minimum tax project, aimed at preventing corporate tax avoidance. flag The US, under Trump, views this as targeting US companies and has introduced a "revenge tax" that could increase taxes on Australian investments in the US by up to 20%. flag This conflict could impact Australian super funds, banks, and the government, as the US seeks to penalize countries with what it sees as unfair tax systems.

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