Yellen and the global tax drop

Amid the debate surrounding the Biden administration’s spending plans, it’s easy to forget that the Build Back Better bill comes with hun...


Amid the debate surrounding the Biden administration’s spending plans, it’s easy to forget that the Build Back Better bill comes with hundreds of billions of dollars in tax increases. Democrats promise that at least for corporate taxes, other countries will increase theirs as well. So lawmakers should know what Treasury Secretary Janet Yellen isn’t telling them: These global tax plans could fail again.

It will come as a surprise to anyone who took at face value a flurry of press releases in June and October hailing a major global tax deal. At issue, complex negotiations at the Organization for Economic Cooperation and Development in Paris to settle new tax rules for large companies. Ms. Yellen shattered a long bipartisan consensus in Washington by agreeing to these proposals, which include a minimum global corporate tax rate of 15% and a new method of taxing the world’s 100 largest corporations.

Source link

COMMENTS

Name

Africa,932,Americas,4325,Art & Culture,15905,Arts,6759,Arts & Design,1868,Asia,3549,Automobile,546,Baseball,787,Basketball,629,Books,4166,Business,5637,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,2040,Dance,671,Defense,836,Diplomatic Relations,2496,Economy,1334,Editorial,260,Education,1461,Elections,308,Energy & Environment,3147,Entertainment,23505,Environment,3903,Europe,4499,Faith & Religion,235,Family & Life,817,Fashion & Style,3597,Finance,21459,Food & Drink,4074,Football,1259,Games,97,Gossip,10289,Health & Fitness,4421,Health Care,959,Hockey,253,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,18302,Media,527,Middle East,1703,Movies,1989,Music,2916,Opinion,3884,Other,12961,Other Sports,5400,Political News,11324,Political Protests,2324,Politics,18613,Real Estate,2214,Relationship,106,Retail,3116,Science,2915,Science & Tech,10972,Soccer,343,Space & Cosmos,420,Sports,13264,Technology,3734,Tennis,700,Theater,1911,Transportation,313,Travel,2796,TV,3959,US,1395,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,17898,
ltr
item
Newsrust - US Top News: Yellen and the global tax drop
Yellen and the global tax drop
https://images.wsj.net/im-451582/social
Newsrust - US Top News
https://www.newsrust.com/2021/12/yellen-and-global-tax-drop.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/12/yellen-and-global-tax-drop.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content