The Inflation Reduction Act of 2022 omits the key global minimum corporate tax that over 135 countries agreed to in October 2021. Former Biden administration official Kim Clausing (PIIE, UCLA) joins to explain the challenge of taxing multinational companies in the modern global economy and why international cooperation is so critical (46:23).
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- Kimberly Clausing. 2022. The Global Minimum Tax Lives On. Foreign Affairs, August 17.