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friendshoring: India 'indispensable partner' for friendshoring: US Treasury Secretary Janet Yellen

Yellen said, “Friendshoring is an important foundation of our approach to increasing resilience of our supply chains, and we see India as an indispensable partner in that and I hope to use this trip to deepen what is already a significant relationship with respect to friendshoring that the US and India have." ....

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Treasury Secretary Janet Yellen calls for global minimum tax on companies to "stop the race to the bottom"

Treasury Secretary Janet Yellen calls for global minimum tax on companies to stop the race to the bottom
By Sarah Ewall-Wice
Updated on: April 5, 2021 / 1:43 PM
/ CBS News
The United States is working with G20 nations on a global minimum tax for companies, Treasury Secretary Janet Yellen said Monday. It s part of President Biden s corporate tax plan that also includes raising the corporate tax rate in the United States and setting minimum taxes on U.S. companies foreign earnings.
Yellen said reaching an agreement would move the world away from what she called a 30-year race to the bottom.
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, Yellen said. ....

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Treasury Secretary nominee Janet Yellen to call for "big" action at Senate confirmation hearing

CBS News has obtained her prepared remarks. ....

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