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https://www.wsj.com/articles/janet-yellen-global-tax-plan-oecd-joint-committee-on-taxation-estimate-3018fb98

The Revenue Janet Yellen Leaves Behind

A new Congressional estimate finds her global tax plan will be costly for Uncle Sam.

By

The Editorial Board

June 23, 2023 6:45 pm ET

Wonder Land: Republican presidential hopefuls Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy and maybe even Donald Trump are united on spending. All offer a much safer future than the alternative. Images: Reuters/Zuma Press Composite: Mark Kelly

Treasury Secretary Janet Yellen thought that signing up the U.S. for a new global minimum corporate tax would force Congress to boost U.S. tax receipts in return. How wrong she was, according to a new estimate that Ms. Yellen’s tax grab is set to become some other country’s revenue.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.