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  • TIME

    A new tax deal

    Aug 13, 2021 2 minutes
    BY MALCOLM TURNBULL

    EVERY YEAR, MULTINATIONAL corporations divert some $1.38 trillion in profits away from the countries where they were made to places with much lower, or even zero, corporate tax rates. And while much of this is strictly legal, that doesn’t make it right.

    Lower tax rates can encourage innovation and investment. But the

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