Janet Yellen sees Biden tax plan bring back $2.6t in overseas profits

Janet Yellen sees Biden tax plan bring back $2.6t in overseas profits

US Treasury Secretary Janet Yellen said the new corporate tax code would remove incentives for companies to shift investments and profit overseas and pay for Biden’s eight-year spending push on infrastructure, green investments and social programs.

US Treasury Secretary Janet Yellen unveiled a detailed sales pitch for the Biden administrations proposed new corporate-tax code, a plan that she said would be fairer to all Americans, remove incenti… [+2856 chars]

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