Yellen Aims to Win Support for Global Tax Deal

Posted on AllSides June 3rd, 2021
From The Left
Taxes, Treasury, Janet Yellen, Global Tax Deal

The Biden administration is trying to persuade other nations to approve a global minimum tax as it works to curb profit shifting and raise corporate taxes in the United States.

Treasury Secretary Janet L. Yellen will try to secure international support this week for a broad agreement that aims to put an end to global tax havens when she makes her first trip as President Biden’s top economic diplomat to the Group of 7 finance ministers summit in Britain.

Such a pact has been elusive for years, as countries like...

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