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Congress Goes AWOL on Global Taxation



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The Biden Administration is planning the biggest overhaul to American taxation in decades, and you’d think members of Congress might have something to say about it. But no, for the most part a strange silence has greeted Treasury Secretary Janet Yellen’s bid to rope the United States into a revamp of global tax rules that by design robs Congress of its sovereignty over tax matters.
We’ve described the details of global tax rules being negotiated at the Organization for Economic Cooperation and Development. The plan would create a new method for other countries to tax American tech …

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