Internationally, the US is the main party holding back improved taxation of corporations. In October 2021, the US struck an international deal to revamp global rules on corporate taxation, based on two pillars: getting corporations to pay tax in countries where they do business, and a global minimum corporate tax. Now the US looks set to renege, due to bipartisan opposition in Congress over US multinationals getting taxed overseas.
Even though the Biden administration spearheaded the original deal, they've been MIA getting it ratified. Understandably, other countries worry that the US intends to watch them raise taxes while doing nothing in return. To avoid getting backstabbed, some are looking to impose unilateral digital taxes. And the US has threatened these countries, calling the measures unfair discrimination against US companies.