Janet Yellen, the US Treasury secretary, has called on other countries to join Washington in setting a global minimum tax for companies as she vowed to reassert America’s leadership in international economic policy.
“Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity,” Yellen said in a speech to the Chicago Council on Global Affairs on Monday.
Yellen’s appeal on the eve of the spring meetings of the IMF and the World Bank comes as the Biden administration puts a crackdown on tax avoidance and tax shelters at the heart of its economic agenda.
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