Treasury Secretary Janet Yellen Pushes For Global Minimum Corporate Tax

In her first speech as Treasury Secretary, Janet Yellen urged Congress to implement a global minimum corporate tax rate. Yellen says that President Joe Biden is eager to work with world leaders to crack down on tax havens and loopholes which has led several of America’s largest companies to pay no taxes in recent years. “Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,” said in her virtual address to the Chicago Council on Global Affai…

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