Yellen calls for global minimum corporate tax rate in first major address as Treasury secretary
Treasury Secretary Janet Yellen called for a global minimum corporate tax rate on Monday, a pitch that comes as the Biden administration begins to sell its roughly $2 trillion infrastructure and jobs proposal that would raise US corporate taxes to fund the massive plan.
edition.cnn.com
here is a link to the CNN article, would love to know what everyones thoughts are on this happening. I am hoping maybe pushes like this could be the final straw for low/no tax jurisdictions to band together and tell the US/OECD/EU to shove it finally? I however think thats just me dreaming and instead were gonna be all doomed with a global minimum tax of god knows what to stop the "race to the bottom" translation "stop people from being able to choose a country more friendly towards business and wealth".