Leaders Endorse Minimum Global Corporate Tax

“President Biden and the other national leaders representing ‘Group of 20’ economies have formally endorsed a new global minimum tax designed to prevent big companies from shifting profits to low-tax countries,” the Washington Post reports.

New York Times: “It is a deal years in the making, which was pushed over the line by the sustained efforts of Mr. Biden’s Treasury Department, even as the president’s plans to raise taxes in the United States for new social policy and climate change programs have fallen short of his promises.”