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G20 leaders back global tax deal
Finance ministers from the world's 20 largest economies backed a proposal on Saturday that seeks to introduce an international tax on multinational companies and sets a global minimum tax rate of 15%, Politico reports.
Why it matters: If enacted, the reform could alter who gets to tax multinational corporations and "stop multinationals from shifting profits into tax havens," Politico reports.
Workers quit at historic clip
Data: BLS, FRED; Chart: Axios Visuals
Demand for labor seems to be getting stronger, and workers are taking advantage by quitting.
Why it matters: Businesses are scrambling to fill job openings as they try to catch up with booming demand.
Biden recess plan omits Afghanistan
The White House is downplaying Afghanistan in outside-the-Beltway events during the August congressional recess, hoping voters will pay more attention to President Biden's big spending plans.
Why it matters: Democrats privately fear political blowback, even though the White House insists voters aren't talking about the Kabul calamity.
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