and spend
US President Joe Biden may be grabbing the global headlines by boosting world growth with his big spending and international security with his telephone diplomacy. But US Treasury Secretary Janet Yellen seems to be doing the real heavy lifting in restoring American credibility in global economic management with her push for a more balanced global business tax system.
As the international financial elite gathered for the IMF/World Bank spring meetings this week, Yellen declared:
Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity.
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