Recent proposals to increase the effective tax rates (ETRs) faced by multinationals rely on the argument that these firms achieve artificially low tax rates by shifting profits to foreign tax havens and other low-tax countries. By raising the tax rates on the foreign income of U.S. multinationals, these proposals would supposedly reduce profit shifting. However,
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Will Farrell, 38, a coronavirus disease (COVID-19) positive patient, speaks with resident physician Ian Nora in his room on the COVID medical unit at Sarasota Memorial Hospital in Sarasota, Florida, September 21, 2021. Shannon Stapleton | Reuters Average daily Covid cases in the U.S. fell below 100,000 Thursday as the pandemic shows further signs of
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