Push is on for a global company tax
Janet Yellen’s biggest legacy could be the “Paris accord” of taxation - a minimum global rate for multinationals that stops the global race-to-the-bottom in countries cutting taxes.
US Treasury Secretary Janet Yellen is working with her counterparts worldwide to forge an agreement on a global minimum tax on multinational corporations, as the White House looks for revenue to help pay for President Joe Biden’s domestic agenda.
The effort, which would involve a fraught and challenging global negotiation of tax laws, could prove one of Dr Yellen’s biggest policy legacies if it succeeds. It also could prove central to Mr Biden’s presidency.
Washington Post
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