According to MicroStrategy CEO Michael Saylor, it's better to be talked about as a reckless, debt-fueled bettor on digital currencies than not be talked about at all.
The Senate bill's 15% minimum "book tax" on companies traditionally eligible for credits and deductions does not align effectively with the global deal brokered via the OECD.
An amendment to MiFID requires investment managers to act on the "sustainability preferences" of retail clients, but they do not have the required data on sustainability to effectively do so.
Fed Governor Christopher Waller believes the central bank can control inflation without inflicting a "painful" spike in unemployment. Others say his analysis "contains misleading conclusions, errors, and factual mistakes."
If Congress spurns the global tax deal, other countries are ready fill that void and collect taxes themselves to bring U.S.-based companies up to the 15% global minimum.
The proposal would raise an estimated $739 billion, with the revenues going to fund climate and health initiatives, as well as to reduce the federal budget deficit.
