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The theory behind a global minimum corporate tax rate

Jun 7, 2021
The G-7 agreed to back a global minimum corporate tax rate of 15%. While the proposal faces an uphill battle that could last years, larger, advanced economies stand to benefit most.
Britain's Chancellor of the Exchequer Rishi Sunak, center, and U.S. Treasury Secretary Janet Yellen attend the first day of the G-7 finance ministers meeting in London on Friday.
Stefan Rousseau/AFP via Getty Images