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Following
aggressive lobbying by the Trump administration, more
than 145 countries agreed to give big US multinationals
a free pass under the global corporate minimum tax rules
that were agreed in 2021. But if democracy is to prevail
over oligarchy, policymakers must tax extreme wealth
appropriately – and they must do it fast.
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This article was originally published in Project Syndicate
on February 6, 2026.
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