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.

Warren Law Group advises their corporate clients in navigating international tax issues and other matters faced by mature and startup businesses alike. Speak with Warren Law Group’s experienced corporate counsel at (866) WLGROUP or email at info@warren.law.

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