Janet Yellen Wants a Global Minimum Corporate Tax

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Trea­sury Sec­re­tary Janet Yellen on Mon­day will call for a min­i­mum tax levy on cor­po­ra­tions around the world in an effort to keep com­pa­nies from relo­cat­ing to find low­er rates.“We are work­ing with G‑20 nations to agree to a glob­al min­i­mum cor­po­rate tax rate that can stop the race to the bot­tom,” Yellen told the Chica­go Coun­cil on Glob­al Affairs in pre­pared remarks. “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, and spurs inno­va­tion, growth, and prosperity.“The remarks …

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