Dawn chorus: Global tax rate call
US Treasury Secretary Janet Yellen calls for a global minimum corporate tax rate to stop 'beggar-thy-neighbour' spiral lower in corporate tax rates; Bubble decision due today
TLDR: America is calling for a global minimum corporate tax rate to stop a downward spiral in corporate rates as countries compete for businesses, and as new US President Joe Biden prepares to increase America’s corporate tax rate to pay for a US$4t (20% of GDP) infrastructure package.
Scoops and news breaking this morning
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