Treasury Secretary Calls for Minimum Corporate Tax Rate
Treasury Secretary Janet Yellen is calling for a minimum tax rate on multinational corporations among peers on the global stage. The Biden Administration’s proposal would “raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from shifting profits to low-tax countries,” writes the Wall Street Journal.
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