In Senate Finance testimony, Treasury Sec. Janet Yellen said four major things predate the pandemic but have grown worse, and they're not healthy.
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The tax is aimed at tech giants like Google, but the City of London and Switzerland worry their finance outsize sectors will be caught up as well.
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The S&P 500 lost steam near a record high Monday as investors prepare for consumer price inflation to move into higher gear.
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Former SEC chair Jay Clayton said that the cryptocurrency market can be governed under existing regulatory framework in a recent op-ed.
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Biden is seeking a corporate tax rate of 28% to pay for infrastructure but he'd settle for major firms paying just 15%. That's too much for the GOP.
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Democratic Sen. Mark Warner of Virginia and Republican Sen. Roy Blunt of Missouri spoke with NBC's Meet the Press on Sunday.
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The G7 seeks to make tech giants pay more tax in the countries where they sell the most - but Amazon's slender profit margin could see it escape this.
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Investors are weighing up what Friday's US jobs data mean for the Federal Reserve ahead of a key read of consumer inflation.
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Silicon Valley companies on Saturday signaled approval of a G7 deal to back a 15% minimum global corporate tax. The deal has been described as 'historic'
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Most policymakers and central bankers are highly skeptical of bitcoin, but Norway's finance minister sees some potential in the cryptocurrency.
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A global minimum corporate tax rate would stop companies from moving to a different country to get a better tax rate.
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Michael Hsu said in an interview that US officials are increasingly keen on regulating cryptocurrencies, such as bitcoin, more closely.
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Biden's budget forecasts a boom lasting just two years, shorter than previous recoveries and out of step with many investment banks' projections.
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Biden's budget forecasts a boom lasting just two years, shorter than previous recoveries and out of step with many investment banks' projections.
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Yellen repeated her support for spending on infrastructure and other investments, telling lawmakers historically low rates offset debt pressures.
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The administration is also analyzing potential gaps that may be used to finance illicit activities, sources told The Washington Post.
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The administration is also analyzing potential gaps that may be used to finance illicit activities, sources told The Washington Post.
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Treasury Secretary Janet Yellen has been at the forefront of enacting a global minimum tax, and the FT reports the G-7 could agree a deal this week.
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You may have heard Joe Biden wants to tax the wealthy. He does, but he wouldn't do it with an outright wealth tax. Here's the difference - and why.
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You may have heard Joe Biden wants to tax the wealthy. He does, but he wouldn't do it with an outright wealth tax. Here's the difference - and why.
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