Cross-Border Tax-Rate Gaps to Shrink as Democrats Advance Biden Agenda

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Cross-Border Tax-Rate Gaps to Shrink as Democrats Advance Biden Agenda
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Tax-rate differences across borders animate corporate decisions. The U.S. and other countries are trying to make taxes a less important factor.

WASHINGTON—Democrats are close to passing significant changes to international corporate taxation, moving toward a system that would reduce the gaps

between nations’ tax rates and—if it all works as planned—making taxes a less important consideration for where companies put investments, profits and headquarters.

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