Summers Calls OECD Pact a 'Huge Triumph' for Foreign Policy

The transcript discusses a significant global corporate minimum tax deal, highlighting its importance in enhancing tax collections from corporations worldwide. It emphasizes the agreement's role in promoting fairness by preventing a race to the bottom in business income taxation and allowing tax reductions for working people globally. The deal is seen as a triumph of global economic diplomacy, aligning with Joe Biden's middle-class foreign policy. Credit is given to President Biden, Secretary Yellen, and other officials for their efforts in achieving this landmark agreement.

What role did Janet Yellen play in the agreement according to the text?

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How does the text characterize the relationship between global economic diplomacy and the interests of working people?

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