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The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
However, the US president increased tariffs on imported Chinese goods to 125%; in other news, UK tax firm MHA expects to raise £102m from its London listing
The new tariffs could force companies to reroute logistics, renegotiate crucial deals or even uproot their production facilities, one tax expert tells ITR
While nearly all large firms said they were already using GenAI, only 63% of small firms reported the same
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