taxing

A less loophole-riddled system for taxing companies is within reach

WHEN PEOPLE come to look back on Joe Biden’s presidency, they may, depending on events in the coming months, conclude that one of his most consequential economic achievements was to reverse a decades-long global boom in corporate tax-dodging. His administration’s call for an end to the “race to the bottom” has reinvigorated multilateral talks on rewriting international rules that encourage multinationals to funnel vast profits to tax havens. Two months after that call, America and other rich countries have agreed on a road map for reform. The deal paves the way for the biggest corporate-tax overhaul

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