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Biden and G7 take on China

Ian Bremmer's Quick Take:

Hi, everybody happy Monday. Ian Bremmer here. I've got a Quick Take for you. Thought we would talk a little bit about President Biden's first trip outside the United States as president and the G7, which frankly went better than expected. I'm the guy that talks about the GZERO world and the absence of global leadership. But the desire of a lot of American allies to have a more regularized relationship with the United States that feels like a partnership and alliance is pretty high. And President Biden's willingness to play that role, irrespective of the constraints and divisions that he has back at home, it's also pretty high. And those two things aligned.

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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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