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Are We In A Recession? | US Politics In :60 | GZERO Media

Are we in a recession?

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his analysis on US politics.

When is a recession, not a recession?

The Biden administration this week has spent an extraordinary amount of time refuting the notion that the US economy is in a recession. Treasury Secretary, Janet Yellen on Sunday pointed to strong job numbers and consumer spending as signals that the US economy continues to grow. But plenty of analysts have started to question how strong and durable that growth is in the face of rising prices and Fed induced interest rate hikes. Later this week, the government will release its estimate for second quarter economic growth. The first quarter data showed that the economy shrank by 1.5% and supply chain problems wreaked havoc on economic output and some estimates of second quarter growth suggest there could be another quarter of contraction in the cards.

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Will Tech Giants Be Taxed For Worldwide Profits With A Global Tax Rate? | Cyber In :60 | GZERO Media

Will tech giants be taxed for worldwide profits with a global tax rate?

Get insights on the latest news about emerging trends in cyberspace from Marietje Schaake, International Policy Director at Stanford University's Cyber Policy Center and former European Parliamentarian:

Today, we talk about the "T word", as I often refer to: taxation. But that taboo is finally broken in the United States.

How would a global minimum corporate tax rate, like the one Janet Yellen has called for, affect Big Tech?

Now, ideally, it would ensure a level playing field for all companies, and European leaders embrace the US change of course, but they did add that there should be ways to tax tech giants for their global profits. It's a demand that is widely shared in Europe. So the hope is that that can be arranged between all OECD members.

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