OECD Says 136 Nations Agree to Global Corporate-Tax Accord

The video discusses a global tax agreement, highlighting its two main pillars: a 15% global minimum tax and taxation based on sales location. The agreement, supported by Janet Yellen and President Biden, aims to standardize tax rates and address digital service taxes. While most countries have agreed, the U.S. faces challenges in Congress.

What are the two pillars of the global tax agreement mentioned in the text?

How might the US be affected by the new tax agreement if not properly applied?