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Biden's 15% minimum corporate tax rate is a 'necessary step' toward global tax reform: El-Erian

The Biden administration is pushing for a tax change that would require companies to pay a minimum tax rate of 15%. Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Monday to discuss.
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Mon, Jun 7 20216:52 AM EDT