Yellen Pushes For Global Minimum Tax Amid Biden Infrastructure Blitz

Treasury Secretary Janet Yellen on Monday argued for a global minimum tax rate to help pay for President Biden’s massiveTreasury Secretary Janet YellenA global minimum tax is a corporate tax rate that the major world economies would need to agree on in principle and pledge not to undercut—the idea is that this coordination across the globe will prevent multinational companies from relocating in search of lower rates, because rates would be essentially the same everywhere.

Yellen is pushing for the minimum as a way to avert a “race to the bottom”—a trend where countries slash their corporate rates as a way to encourage foreign investment and create a more favorable business environment than their neighbors, driving global tax rates lower and lower as they compete with each other.

In a speech to the Chicago Council on Global Affairs, Yellen emphasized the importance of “stable tax systems” that generate enough revenue to “invest in essential public goods and respond to crises.” Because Biden also plans to raise the domestic corporate tax rate from 21% to 28% while simultaneously discouraging American companies from moving jobs and production abroad, it’s critical that lower rates in other parts of the world don’t undercut his message at home. last month that Yellen was working with her international counterparts, including finance ministers in Germany and France, to reach an agreement on the global minimum tax.

What a great idea! And while we are at it, lets make tax havens ilegal, as in tax evasion ilegal...

It's called price fixing and collusion.

This is all so wrong - globalism at its finest. The real answer is for governments to be much smaller and to spend way less - not figure out a global tax system.

Raise tax on all millionaires and billionares.

A minimum tax rate should be zero!

It is interesting idea. But how will it be imposed, how will so many jurisdictions agree?

In Georgia I am paying 1% taxes of my business income and 0% taxes from cryptocurrencies, stock market etc

Not gonna happen tax competition is what Nations Depend on attracting business and keeping it And benefiting from it

I like how she pops her collar

How about fixing the irs?

Absolute spitting image but a female version of Richard Benaud.

print some money, to fill BTC!

All for show. Nations are sovereign and good luck enforcing.

Global Tax Is Good If It's All Equal; Mi'KMaq Rabbi Pasteur Richard Paul, Canadian Party Leader, CDPC The Great White North Star Shines😍

How about raising interest rates and stop printing phoney money

I'd actually like this. It should be 20%....for everyone in every country.

wow

Because they want to control the world

It's important

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Yellen pushes for corporate tax floor among G20 countries to create 'more level playing field'Treasury Sec. Yellen says the US is working with other G20 nations to develop and implement a global minimum tax, which she said would “stop the race to the bottom” and foster more equitable economic growth among countries and regions. So they don’t look as bad when they tax the fuck out of Americans I don't like this, we should not be trying to influence other countries tax laws, if they want low corporate income tax rates then good for them, its not a 'race to the bottom' having low tax rates is a good thing if possible. This sounds more like a wealthy country protection scheme How will poorer countries attract capital for investment if they can’t control their tax rate? I think the term racism would apply here
Source: NBCNews - 🏆 10. / 86 Read more »

U.S. Treasury Secretary Yellen to call for global minimum tax rate: AxiosU.S. Treasury Secretary Janet Yellen will on Monday call for a global minimum corporate tax rate, in a speech to the Chicago Council on Global Affairs, Axios reported. Good idea- is it feasible? Ja, ja, die Sozialisten immer auf dem Weg zur Weltherrschaft. SuluhuSamia TRATanzania DrPhilipMpango 🙏🏿
Source: Reuters - 🏆 2. / 97 Read more »

Yellen Will Push For Global Minimum Tax Rate Amid Biden Infrastructure Blitz, According To ReportAccording to a report, Treasury Secretary Janet Yellen will push for a global minimum tax rate amid Biden's infrastructure blitz by theothersarahh theothersarahh first theothersarahh theothersarahh poke Portes_Thomas Janet Yellen propose un impot mondal sur le sociétés minimal de 25% selon les reco de l'ICRIRT Bruno Le Maire lui voudrait le rabaisser à 12,5%😨
Source: Forbes - 🏆 394. / 53 Read more »

Treasury’s Yellen to Call for Global Minimum Corporate Tax RateTreasury Secretary Janet Yellen will argue for a global minimum corporate tax rate Monday, as she makes the case for President Biden’s $2.3 trillion infrastructure proposal ahead of virtual meetings with global counterparts. She is alive Oh, maybe if she asks pretty please with a cherry on top foreign countries will allow all those outsourced jobs to come back to the US The US must enact robust and punitive penalties for inversions, licensing, and flat out leaving, like a forfeiture of capital and intellectual assets.
Source: WSJ - 🏆 98. / 63 Read more »

Yellen calls for global minimum corporate tax rate in first major address as Treasury secretaryJanet Yellen calls for a global minimum corporate tax rate to 'stop the race to the bottom,' in her first major speech as US Treasury secretary Wow who allows her and common sense into the room? I await GOP to denounce her as a traitor to the 1% She was in my economics book Do you believe this is best for ALL?
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