US Treasury chief calls for global minimum corporate tax
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(Worthy News) – US Treasury Secretary Janet Yellen on Monday said she was working with G20 countries to adopt a global minimum corporate tax rate that would stem the erosion of government revenues.
A collective effort by the world’s 20 major economies would help end the “thirty-year race to the bottom on corporate tax rates,” Yellen said at a virtual event hosted by the Chicago Council on Global Affairs.
“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,” she said. [ Source: Deutche Welle (Read More…) ]
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