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G7 Leaders Support 15% Minimum Corporate Tax Agreement gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Libertarians believe countries should be free to compete for foreign investment using low tax rates. However, the phenomenal expansion of giant companies paying zero or very little tax has raised a public furore that governments can no longer ignore, not even those complicit in tax havens. ....
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Updated: April 05, 2021 23:21 IST Janet Yellen says the Biden adminisitration would work with other advanced economies in the Group of 20 to set a minimum. Share Article AAA Janet Yellen says the Biden adminisitration would work with other advanced economies in the Group of 20 to set a minimum. U.S. 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 administration s proposed increase in the U.S. corporate tax rate. Citing a “thirty-year race to the bottom” in which countries have slashed corporate tax rates in an effort to attract multinational businesses, Ms. Yellen said the Biden administration would work with other advanced economies in the Group of 20 to set a minimum. ....