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US Failure to Implement Global Minimum Tax Could Be Costly

US Failure to Implement Global Minimum Tax Could Be Costly - New Delhi Times - India Only International Newspaper

A breakthrough agreement announced by Senate Democrats on Wednesday, which would dedicate hundreds of billions of dollars to addressing climate change and other Democratic priorities, is designed to raise federal revenues by increasing taxes on wealthy Americans and large corporations. But the agreement sidesteps an international tax agreement brokered by the Biden administration. That agreement,…

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