Yellen Will Call For A Global Minimum Corporate Tax

US Treasury Secretary Janet Yellen will propose a global minimum corporate tax.

Janet Yellen will call for a global minimum corporate tax. Yellen will propose a global corporate tax to prevent companies from escaping to regions known as tax havens. According to information provided by sources close to the subject, US Treasury Secretary Janet Yellen will call for a minimum corporate tax rate in her speech today. With this proposal, Yellen wants to prevent companies from escaping to regions known as "tax havens". According to the news compiled by Axios, at the Chicago Council held today, Yellen said, “Competitiveness is more about how US-based companies act against other companies in their global merger and acquisition proposals. This is about ensuring that governments have stable tax systems that increase revenue sufficiently to invest in essential public goods and respond to crises, and to ensure that all citizens share the government's financial burden fairly.” The $ 2.5 trillion infrastructure program announced by US President Joe Biden last week also includes the increase in tax rates. In the program in question, corporate tax increases from 21 percent to 28 percent. Corporate tax percent during the Donald Trump era. Joe Biden administration aims to increase the global minimum corporate tax rate from 13 percent to 21 percent.