Janet Yellen Proposes Bold Idea: The Same Minimum Corporate Tax Around The World

Link: https://www.npr.org/2021/04/05/984461923/janet-yellen-proposes-bold-idea-the-same-minimum-corporate-tax-around-the-world


It’s an idea that has been¬†debated widely¬†across global capitals: impose the same minimum corporate tax rate all over the world to prevent companies from shopping around for the country that can offer the smallest tax bill.

Now, it has a powerful new adherent. Treasury Secretary Janet Yellen on Monday expressed support for a minimum tax rate, providing the vital backing of the U.S. government.

Yellen, in a speech, said a minimum global tax rate would stop what she described as a “30-year race to the bottom” that has allowed big corporations to avoid contributing fully to vital national needs.

Author(s): Scott Horsley

Publication Date: 5 April 2021

Publication Site: All Things Considered on NPR