Apr 27, 2021
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The end of offshore globalism

Capital outflow and profit optimization wrapped in the US or Russian budget?

US President Biden announced plans to extend the US income tax to multinational corporations. This tax innovation can replace the targeted sanctions and fines imposed by the United States on the largest multinational corporations. And if earlier sanctions and fines brought large, but one-off revenues to the American budget, then the announced change in income tax is intended to ensure a systematic replenishment of the American budget. The largest Russian corporations trading in US securities …

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