“ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.” The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax. I’m not sure this is such a blockbuster report or that it’s worth sharing private tax returns. What it shows is that people don’t pay taxes on stock they own (wealth), they pay taxes on stocks they sell (income, capital gains). Some people think that should change and it’s certainly related to the massive and increasing problem of inequality. But it doesn’t seem like breaking news.

+ “In the landmark agreement, G7 finance ministers agreed to pursue a global minimum tax rate of at least 15% and to allow market countries to tax up to 20% of the excess profits – above a 10% margin – of around 100 large, high-profit companies. Yellen said the ‘significant, unprecedented commitment'”‘ would end what she called a race to the bottom on global taxation.” But… U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future.