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U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says – CNBC

Adeyemo said the White House’s broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

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Adewale Adeyemo, Treasury Secretary Janet Yellen’s deputy, on Wednesday said increasing the U.S. corporate tax rate to 28% will not make American companies less competitive, because the Biden administration is confident it can win the support of developed nations to set a minimum tax worldwide.
“We’ve worked very closely with our international counterparts to counter what has been a race to the bottom in terms of international taxation,” Adeyemo, who goes by Wally, told CNBC’s Sara Eisen.
“We believe…

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