Corporation tax: why Janet Yellen's call for a global minimum rate is a bad move
- Written by Sharif Mahmud Khalid, Assistant Professor in Accounting and Financial Management, University of Sheffield
The US treasury secretary, Janet Yellen, is calling for governments around the world to support the US in setting up a global minimum corporation tax rate. She did not specify a rate but it comes at a time when the US government is trying to raise the nation’s internal corporation tax rate from 21% to 28%.
Yellen said that imposing a global...