Joe Biden’s plan to raise the rate to 28% from 21% would boost Washington’s coffers. For companies and investors, though, it may not matter much over time. In a series of charts, Breakingviews illustrates why. Within reason, America’s tax rate will remain competitive, too.
Want to know whether there’s going to be a U.S. recession, a trade-war flare-up, or corporate implosions? You could obsess over news and social media – or skim a few proxy indicators like the price of soybeans, the Treasury yield curve, and the number of stocks in bear territory.
A Breakingviews calculator predicted 14 of the 16 teams that made the soccer tournament’s knockout stage. But the analysis of player values, home support and participation did not foresee defending champion Germany’s early exit. The data now points to Brazil lifting the trophy.