130 nations to support U.S. proposal


U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021.

Justin Tallis | Reuters

WASHINGTON – Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations, part of a broader agreement to overhaul international tax rules.

If widely enacted, the GMT would effectively end the practice of global corporations seeking out low-tax jurisdictions like Ireland and the British Virgin Islands to move their headquarters to, even though their customers, operations and executives are located elsewhere.

“For decades, the United…


0 0 votes
Article Rating

Company has 18 million accounts managing $80 billion

Previous article

Hayman Capital’s Kyle Bass blasts U.S. companies for cozying up to China

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy