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Treasury Secretary Janet Yellen is working with other countries on an agreement to update corporate tax rules to establish a global minimum tax as the Biden administration considers raising taxes on businesses in order to finance spending priorities.

The Washington Post reported Monday that the effort could be one of Yellen’s biggest accomplishments if an agreement is reached and could be critical to any push from Biden to raise taxes to offset the cost of future spending proposals.

https://thehill.com/policy/finance/543208-yellen-proposing-global-minimum-tax-on-multinationals

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