Yellen Will Argue for A Minimum Tax Rate for Companies

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US Treasury Secretary Janet Yellen will speak in a speech on Monday in favour of a global minimum tax rate for companies.

 

For example, it must be prevented that companies move abroad because of more favourable rates. The American news site Axios reports this based on an excerpt from Yellen’s first major speech.

US President Joe Biden’s government plans to increase corporate income tax from 21 to 28 percent. Partly for this reason, Yellen wants to stop a “race to the bottom”, in which countries want to attract companies with low rates.

For this, she says she is working with the G20, a group of wealthy industrial countries. The Netherlands is represented in this by the European Union.

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