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Posted on April 15, 2021. U.S. Treasury Secretary Janet Yellen is advocating a global minimum tax rate for companies operating overseas. Chances are good that it will actually happen. America is again turning to face the world. President Joe Biden continues to reiterate this message clearly. In the same vein, Treasury Secretary Janet Yellen assured during her first big international speech that a stable and prosperous global economy is a core American interest. The sentence should be a matter of course, really, but during the four years of Donald Trump it was not. Shortly before the beginning of the (in this case, virtual) semiannual meeting of the International Monetary Fund and the World Bank, she also very clearly expressed support for a global minimum tax rate that large, multinational companies should pay. Chances are good that this tax rate will actually be imposed.

United statesWorld bankDistrict of columbiaJanet yellenDonald trumpClemens fuestJoe bidenIfo institute for economic researchInternational monetary fundOrganization for economic cooperationSecretary janet yellenTreasury secretary janet yellenEconomic cooperationIfo instituteEconomic researchPandemic ends