. World leaders endorse global corporate minimum tax as G-20 kicks off « JO LEE MAGAZINE

NBC — World leaders voiced their support for a global corporate minimum tax at Saturday’s closed-door G-20 summit, a monumental agreement that U.S. officials are hoping will lead to an increase in revenue to fund Biden’s Build Back Better agenda.

While finance representatives from most G-20 countries have already agreed to implement a 15 percent minimum tax on corporations — ending a race to the bottom on corporate taxation that could keep companies from leaving the U.S. for low-tax countries — approval from heads of state is an important step forward towards implementing the deal.

Read more the G-20 summit at NBC News.

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