Wall Street's warning: Stocks could retreat this fall

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Global view: Higher taxes could trigger a reassessment of stocks outside the United States, too. In the United Kingdom, the head of the Confederation of British Industry, a lobby group, is expressing alarm that businesses will have to pay more as the recovery from coronavirus continues. In March, the government proposed a corporate tax hike from 19% to 25% in 2023. It also wants employers to contribute more to cover health and social care costs.

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