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How a key part of Biden’s economic agenda hinges on Janet Yellen’s talks with the OECD about corporate taxes


Summary List Placement

Treasury Secretary Janet Yellen has been clear since her confirmation hearing and subsequent press appearances that the Biden administration needs to raise new tax revenues. It’s a key part of the administration’s ambitious agenda, which includes a $1.9 trillion stimulus and now potentially a $3 trillion infrastructure package.

At the same time, Yellen has warned of the difficulties of implementing a wealth tax, which is favored by the progressive wing of the Democratic Party.

Part of the solution is reforming the corporate tax rate — not just in the US but far beyond details ⇒

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