U.S. Treasury Secretary Janet Yellen calls for global minimum corporate tax Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Janet Yellen speaks during a panel discussion in Atlanta in 2019. | REUTERS
Reuters Apr 6, 2021
U.S. Treasury Secretary Janet Yellen said Monday she was working with G20 countries to agree 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 chief, Yellen signaled stronger U.S. engagement on issues from climate change to human rights and tax base erosion.
The United States is pushing in the G20 to adopt a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen said on Monday.
Just days after President Joe Biden announced plans to raise corporate taxes to finance a massive $2 trillion infrastructure and jobs programme, Yellen said a collective international effort would end the “race to the bottom” on taxation.
Biden expressed outrage at multinationals – like Amazon – that have moved to tax havens or used loopholes and pay little to no tax, far less than some individuals, and said he would put a stop to the practice.
Yellen pledges U.S. international cooperation, calls for global minimum tax
Reuters | Apr 06, 2021 12:34 AM EDT
U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S., (Photo : REUTERS/Leah Millis/File Photo)
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 chief, Yellen signaled stronger U.S. engagement on issues from climate change to human rights to tax base erosion.
Coronavirus: India registers 96,982 new cases, 446 deaths
The active cases rose for the 27th straight day to 7,88,223. As many as 1,17,32,279 people have recovered from the infection in the country. 4 hours ago A health worker collects a sample from a passenger at the Yesvantpur railway station in Bengaluru on April 5. | Manjunath Kiran / AFP
India on Tuesday recorded 96,982 daily cases, taking the country’s overall tally to 1,26,86,049. The toll went up to 1,65,547 after 446 deaths were registered in 24 hours.
The active cases rose for the 27th straight day to 7,88,223. As many as 1,17,32,279 people have recovered from the infection in the country.
The cumulative number of coronavirus vaccine doses administered crossed 8.31 crore, the health ministry said. Of these, 43,00,966 were given on Tuesday.
Economic Times | 06 Apr, 2021 | 08.16AM IST
Covid Live Updates: India blessed to have a major manufacturer of global vaccines, says World Bank
World Bank President David Malpass has said that with the Serum Institute, India is blessed to have a major manufacturer of global vaccines.
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Covid-19 lays bare social inequality, warns UN chief
The Covid-19 crisis has revealed how unequal our societies are, said United Nations Secretary-General Antonio Guterres in his message released for the World Health Day.
Highlighting the inequalities and injustices that have been apparent throughout the pandemic, the UN chief said in his message for the day to be marked on Wednesday that the vast majority of vaccine doses administered so far have been confined to a few wealthy countries or those producing the shots cleared for distribution.