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Treasury Secretary Janet Yellen will reportedly call for a global minimum corporate tax rate to prevent U.S. companies from relocating offshore in response to the Biden administration’s forthcoming tax hikes, Axios reported on Monday. The news outlet made clear that “by trying to convince other countries to impose a global minimum tax, Yellen is acknowledging the risks […]

Biden admin to call for worldwide tax hike so that US businesses don’t leave country following its corporate tax increase — Hellbound and Down

Biden administration calls for global minimum corporate tax rate — True North Reports

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Nations must unite to ensure corporations do not avoid taxation by moving to countries with lower tax rates, Treasury Secretary Janet Yellen said Monday. Last week, President Joe Biden proposed to increase the U.S. corporate tax rate from 21% to 28% as a way of paying for his $2 trillion infrastructure plan. […]

Biden administration calls for global minimum corporate tax rate — True North Reports