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(Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate and pledged that restoring U.S. multilateral leadership would strengthen the global economy and advance U.S. interests.
In a speech ahead of her first International Monetary Fund and World Bank Spring Meetings as Treasury Secretary, Yellen signaled stronger U.S. engagement on issues from climate change to human rights to tax base erosion.
A global minimum tax proposed by the Biden administration could help to end a “30-year race to the bottom on corporate tax rates,” Yellen told an online event hosted by the Chicago Council on Global Affairs.
Yellen pledges U S international cooperation, calls for global minimum tax
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News diary 5-11 April: Alex Salmond s Alba Party unveils policies and Grand National returns
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As the global community continues to grapple with the coronavirus (COVID-19), the Atlantic Council is open for business. Our business, meetings, and events, however, are occurring virtually. For more information, please read an update from our President and CEO.
Please join the Atlantic Council’s GeoEconomics and Adrienne Arsht Latin America Centers for a conversation with Mexican Finance Minister Arturo Herrera Gutiérrez. Kicking off the week of the IMF and World Bank Spring Meetings, this conversation will focus on the economic recovery in Mexico.
As the second largest economy in Latin America and the United States’ second biggest trading partner, Mexico and the stability of its economy are vital to the domestic and global recovery from the COVID-19 crisis. The economy contracted by 8.2 percent in 2020 with a sharp drop in the first half of the year as demand and supply shocks stemming from the COVID-19 pandemic had deep impacts on firms, employment, and households. The rec