“Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids. It is about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods.” That was Janet Yellen calling for a minimum global corporate income tax. The Biden administration wants to raise corporate taxes. But it wants other countries to do the same to keep corporations from moving to cheaper pastures. Will the world play along?

+ Wapo: 55 corporations had zero federal tax liability in 2020, including household names like Nike, FedEx and Dish Network. (Zero seems low.)