Equities on Wall Street traded mostly lower in the premarket session on Monday, with investors worried about what the recent news on the global tax plan would mean for the stock market. Over the weekend, the G7 agreed on a plan to instate a minimum global tax of at least 15%, something which the United States Treasury Secretary Janet Yellen stated will ensure fairness and “help the global economy thrive.” Meanwhile, US President Joe Biden and his predecessor had different views on how the country’s economic recovery was going, while Biden’s hopes for a bipartisan infrastructure bill seemed to be crushed. The Dow Jones stood flat at 4:26 am ET, while the Nasdaq 100 decreased 0.37% at the same time. Meanwhile, the S&P 500 traded 0.15% in the red a minute later. The euro declined 0.09% against the dollar trading for $1.21562 at 4:27 am ET. Nick Note: The stupid money are scratching their asses to figure out what this means..Answer absolutely nothing. It will have a zero effect on corporate profits. Its all about spreading out the the tax revenues. They are trying to get taxes paid at the source of the funds,,, Instead of where the service is delivered from. Tax laws are trying to catch up with the internet age. In the past services were deliver at the point of origin… where the customer is. That is no longer the case. Should Netflix pay taxes on where the server is located that delivers the film… Or pay taxes where the customer is who is subscribing to the service is located? The answer is not that easy to decide. The answer is the revenue is spread between both places. Look at the auto business. Taxes are paid where the car is made in the case of most US cars. Mexico. And their is a tax liability on the US portion of the sale. And it is very very complicated….. Not something Janet sweet heart will settle with a sound bite from the G7 publicity stunt. You got the WTO in this as well as the OCED….. it will take years to sort out. in the mean time it has NO stock market impact… Of course Wall Street Fucking idiots do not understand this. When you do you analytical work on your smart phone while drinking a Mocha Coffee reading article posted on bloomberg from other idiots. it becomes the usual wall street cluster fuck. its hard to get to right unless you realy know how things work…. …… Meaning you have been their done that and got the t shirt to prove it……