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Yellen pushes for global minimum tax rate to create more level playing field

Yellen pushes for global minimum tax rate to create more level playing field Martha C. White © Provided by NBC News Higher corporate taxes are a key part of paying for President Joe Biden’s $2 trillion infrastructure package. In order to keep American multinational companies from being at a competitive disadvantage, the administration is lobbying for other countries to commit to a tax floor. In a speech to the Chicago Council on Global Affairs on Monday, Treasury Secretary Janet Yellen heralded a return to multilateralism after four years of diplomatic and economic isolationism. “America first must never mean America alone,” Yellen said.

The corporate tax debate, cont d

POLITICO Get the Weekly Tax newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 04/05/2021 10:00 AM EDT Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.

Gail Collins: Biden and his trillions

Maybe historians will look back on this as the year of Old Power. Think about it. Older people, who were some of the first in line for the vaccine shots, are now being celebrated as the leaders of the post-COVID social scene . “Good news: I just got vaccinated!” tweeted Steve Martin. “Bad news: I got it because I’m 75.” Meanwhile, President Joe Biden, 78, is going like a house on fire. A few weeks ago Congress passed his $1.9 trillion COVID relief bill. Now he’s introducing the world to his $2 trillion infrastructure plan. Second big whopper of an initiative from a guy lots of Americans expected to be sort of . mild, like a mellow aging uncle who might own a very nippy German shepherd.

Fossil Fuel Companies Took Billions in U S Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs

Fossil Fuel Companies Took Billions in U S Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs
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