Janet Yellen to Call for Global Minimum Tax Rate

“Janet Yellen will use her first major address as Treasury secretary to argue for a global minimum corporate tax rate, as she makes the case for President Biden’s plan to raise U.S. corporate taxes to fund his $2 trillion+ infrastructure plan,” Axios reports.

“Convincing other countries to impose a global minimum tax would reduce the likelihood of companies relocating offshore, as Biden seeks to increase the corporate rate from 21% to 28%.”