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 over the Biden proposal. Asen said whether nations like Ireland capitulate will depend on how much pressure is coming from bigger countries. A deal will only work if lower-tax regimes get on board. Investor insight: Wall Street is worried about higher corporate taxes, but is brushing off the risk for now, betting that it will take some time for negotiations to translate into actual policy. "Clearly there's impetus for some sort of global standard," Jeffrey Sacks, head of investment strategy in Europe, the Middle East and Africa at Citi Private Bank, said. "What's more interesting and relevant for us is the time scale. How quickly will this be imposed? That impacts directly on corporate earnings." Citi projects that global earnings per share will increase by 30% this year and by 12% to 15% in 2022. Sacks thinks tax increases could potentially lead to downgrades in expectations for next year, and that investors may not be taking this into account. But Asen thinks that realistically, it could be years before any deal moves beyond a political agreement and receives ratification at the national level. New crypto investors process their first big crash Grant McGurn is really glad he jumped on a FaceTime call with his dad. The 27-year-old office manager in Madison, Wisconsin, had put all of his investments into cryptocurrencies, including bitcoin, ethereum and dogecoin, a joke coin whose rapid ascent he considered entertaining if "ridiculous." That alarmed his father, an experienced investor. "He knew I had all my money in there and he was just like, 'I've seen this before with the dot-com bubble crash, and I don't want to see you lose thousands of dollars,' " McGurn told Business. He heeded the warning and sold his crypto holdings in the middle of last month, just as a massive rout was taking hold. Many digital coins ultimately lost almost half their value, or more. "I was lucky," McGurn said.

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