"America is rallying the world to make big multinational corporations pay their fair share so we can invest in our middle class at home," Jake Sullivan, the president s national security adviser, said Friday on Twitter.
President Joe Biden might have persuaded some of the world's largest economies to hike taxes on corporations, but the U.S. Congress could be a far tougher sell. Leaders of the Group of Seven which also includes the United Kingdom, France, Canada, Germany, Italy and Japan are in sync with Biden on placing a global minimum tax of at least 15% on large companies. The G-7 leaders began a three-day summit in England on Friday after their finance.
The IRS is sending out letters to taxpayers who may be eligible based on information it has from tax returns and distributing stimulus checks, among other measures.
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