Top-Up Tax Could Tamp Demand.

In the U.S., many companies use tax-exempt interest and various tax credits to bring their rates below 15% - a move that would lose its advantage if the company had to meet the minimum threshold anyway. A drumbeat of criticism is building over a proposed global tax regime that may hurt demand for tax-exempt debt and other U.S. tax credits. The CDFA and other tax incentive advocates would like clarity around Treasury's thoughts on the tax credits and its communication with the OECD, Kramer said. [Extracted from the article]

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