Connect with us

Business

Exclusive: Janet Yellen to call for global minimum tax rate – Axios

The speech to the Chicago Council on Global Affairs also will touch on vaccine access and climate change.

Published

on

Article feature image
ADVERTISEMENT

Janet Yellen will use her first major address as Treasury secretary to argue for a global minimum corporate tax rate, Axios has learned, as she makes the case for President Bidens plan to raise U.S. corporate taxes to fund his $2 trillion+ infrastructure plan.
Why it matters: Convincing other countries to impose a global minimum tax would reduce the likelihood of companies relocating offshore, as Biden seeks to increase the corporate rate from 21% to 28%.

  • Competitiveness is about more than how U.S.-headquartered…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Honeywell Earnings Were Great. Here’s Why the Stock Is Down. – Barron’s
Article feature image
Bitcoin Is Getting Crushed. Why There’s Turmoil in the Crypto Markets. – Barron’s
Article feature image
New web tool shows how Social Security cuts could hit your wallet – CNBC