Good morning from the Financial Times.

Today is Wednesday, June 9th, and this is your FT News Briefing.

The global corporate tax deal could hit a wall in U.S. Congress,

and hundreds of people have been arrested in a high-tech global crime state.

Plus, we've all wondered what society would look like if the internet shut down.

Well, a lot of people got a taste of that yesterday,

and it highlights the little-known companies that provide critical back-end systems for the internet.

I mean, they're incredibly efficient, but when they go wrong,

there's no defense against them for the customers,

so this does show it is an infrastructure that can fail.

I'm Mark Filipino, and here's the news you need to start your day.

Republican lawmakers in the U.S. are pushing back on a global minimum corporate tax deal.

This is the one that was announced at the G7 meeting last weekend.

Were leaders agreed to tax multinationals at a 15% rate,

but conservative opposition in Washington could jeopardize the deal.

The FT's Emuleum says Republicans are already upset over separate European taxes on U.S. tech companies,

and this is something that's complicated the global agreement.

But the argument that Republicans on the Hill are now making is,

okay, well, this doesn't affect just tech companies anymore,

but it's still, by our calculations, mostly affects U.S. companies still,

so they're not very happy with that, and I think Biden is going to have a bit of a tricky time

getting this through up on the Hill, certainly as it stands.

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