Friday, 15 Nov 2024

Opinion | Yellen’s New Alliance Against Leprechauns


By Paul Krugman

Opinion Columnist

Over the weekend, largely at the urging of Janet Yellen, the Treasury secretary, finance ministers from the Group of 7 — the major advanced economies — agreed to set a minimum 15 percent tax rate on the profits of foreign subsidiaries of multinational corporations. You may wonder what that’s about, or why you should care.

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