US Treasury Secretary Yellen calls for minimum global corporate tax
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By Christopher Rugaber
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US Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administrationâs proposed increase in the US corporate tax rate.
Citing a âthirty-year race to the bottomâ in which countries have slashed corporate tax rates in an effort to attract multinational businesses, Yellen said the Biden administration would work with other advanced economies in the Group of 20 to set a minimum.
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Yellen calls for minimum global corporate income tax
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US Treasury Secretary Janet Yellen calls for minimum global corporate income tax
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Yellen calls for minimum global corporate income tax
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