Heterodox
Treasury Secretary Yellen Achieves A Victory This is her getting the G-7 finance ministers to agree to a minimum 15% corporate tax. It is easy to sneer at this. Some of the nations involved may not pass it. There are many problems with details, such as whether the tax would be on gross or net income. There are a lot of nations not in on this agreement, including especially large China. But currently many large corporations are paying zero...
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