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The Biden administration moved one significant step closer to achieving one of its key tax goals over the weekend when the G-7 group of major global economies announced it had struck a deal to levy a 15% minimum tax on multinational corporations.
The G-7 deal marks the start of a potentially historic measure, and signals support from key allies for a deal that would tamp down on tax havens — and work in tandem with tax increase proposals from the Biden administration.
The agreement contains a pair of planks that, if enacted, would increase the amount of details ⇒
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