global minimum tax

EXPLAINER-What is a global minimum tax and what will it mean?

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EXPLAINER-What is a global minimum tax and what will it mean?

Finance Ministers from the Group of Seven (G7) rich nations have said they are close to a landmark accord setting a global minimum corporate tax rate, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what U.S. Treasury Secretary Janet Yellen has called a “30-year race … Read more

What is a global minimum tax and how could it affect companies, countries?

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What is a global minimum tax and how could it affect companies, countries?

Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. Yellen said earlier this month that she is working with G20 countries to agree … Read more