US President Joe Biden has proposed to introduce a new minimum income tax targeting the billionaires as part of the 2023 budget plan, according to local media reports.

Joe Biden proposes to introduce new 20% minimum income tax on ultra-rich Americans

US Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate and pledged that restoring US multilateral leadership would strengthen the global economy and advance US interests.

Yellen pledges US international cooperation, calls for global minimum tax

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