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Friday, May 14, 2021
Janet Yellen Speaks to the Pontifical Academy of Sciences About the Need For Global Corporate Tax Coordination!
Pope Francis
This has to be a first for a United States Treasury Secretary.
During a virtual speech this morning, Treasury Secretary Janet Yellen told the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences at a
Dreaming of a Better Restart event:
Let me close with a few words about.the race to the bottom on corporate tax rates. Our challenge is to make sure governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.
May 14, 2021
CWN Editor s Note: The heads of the World Bank, the Rockefeller Foundation, and the US Treasury Department took part in a Vatican conference May 14 on “Dreaming of a Better Restart.” Population-control advocate Jeffrey Sachs also spoke at the meeting. It was sponsored by the Pontifical Academies of Science, whose chancellor, Bishop Marcelo Sanchez Sorondo, has frequently invited Sachs to speak, and has himself said that China is the country that best exemplifies Catholic social teaching.
The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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U.S. climate envoy John Kerry greets Italian Prime Minister Mario Draghi as he arrives at Palazzo Chigi for talks in Rome May 14, 2021. (CNS photo/Filippo Attili, Palazzo Chigi Press Office via Reuters) NO RESALES. NO ARCHIVES
VATICAN CITY (CNS) John Kerry, U.S. President Joe Biden’s special envoy for climate, gave a keynote address at a closed-door meeting of the Pontifical Academy for Sciences and the Pontifical Academy for Social Sciences at the Vatican May 14.
According to the Vatican press office, he also was scheduled to have a private meeting May 15 with Pope Francis.
The “concept note” for the pontifical academies’ meeting, “Dreaming of a Better Restart,” described “the current crisis and global state of confusion” as the result of “the globalism of selfishness, exclusion and the throwaway culture. Inequality and hunger are increasing, posing major ethical, economic and political challenges to which both policy makers and civil society must react.”