Yellen says 130 countries have agreed to global minimum tax on corporations

[Geee]

Washington Examiner

 

Treasury Secretary Janet Yellen said 130 countries now support a global minimum tax for corporations.

The news was announced in a Thursday press release, which said the 130 countries represent more than 90% of global gross domestic product. The agreement is a win for the Biden administration, which has been pushing for a global minimum tax of at least 15%.