Treasury Secretary Janet Yellen is expected to propose a “global minimum corporate tax” when she speaks for the first time this week, according to a report from Axios, in order to prevent companies from moving operations overseas if President Joe Biden hikes corporate taxes.
Last week, Biden announced plans for a multi-trillion-dollar “infrastructure bill” designed to improve America’s physical infrastructure and fund a host of Democratic- and progressive-favored programs aimed at combatting issues like climate change.
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