A taxing question for multinationals leaves stocks unscathed ...Qatar

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A taxing question for multinationals leaves stocks unscathed
A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering a fundamental reassessment of corporate earnings. The chances of such reform rose this week as Treasury Secretary Janet Yellen threw the weight of the US government behind a push to upend international tax rules. Yet stock markets held near record highs, boosted by the near-zero US interest rates as well as a bet that a proposed 21% minimum tax rate, regardless of where companies make their sales, would not be implemented for years. But some such as Grace Peters, investment strategist at J.P.

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