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ANALYSIS-A taxing question for multinationals leaves stocks unscathed Reuters 5 hrs ago By Thyagaraju Adinarayan and Sujata Rao Popular Searches LONDON, April 8 (Reuters) - A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering a fundamental reassessment of corporate earnings. The chances of such reform rose this week as Treasury Secretary Janet Yellen threw the weight of the U.S. government behind a push to upend international tax rules. Yet stock markets held near record highs, boosted by the near-zero U.S. interest rates as well as a bet that a proposed 21% minimum tax rate, regardless of where companies make their sales, would not be implemented for years.

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