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Janet Yellen sees Biden tax plan bring back $2.6t in overseas profits – Sydney Morning Herald

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…

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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 incentives for companies to shift investments and profit abroad and raise more money for critical needs at home.
Expanding on the tax proposals released last week in President Joe Bidens $US2.25 trillion ($3 trillion) economic package, the US Treasury said the changes, over a decade, would bring back about…

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