November 30, 2022

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We don’t need everyone to go along with global minimum tax for it to be effective

1 min read

Comments from the Treasury Secretary

Yellen Treasury Secretary
  • US proposing changes to deny foreign corporations in the US the ability to shift profits offshore
  • Believes entire EU will go along with minimum taxes
  • Ireland to work on minimum tax
  • Hopes G7 will adopt a higher tax rate than 15%
  • Looking for progress on global minimum tax by the time of G20 leaders’ summit in October

This will be a long, slow path to implementation corporations lobbying it out of existence.

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