|Treasury Secretary Janet Yellen|
The Marxist hate of business is flaring. The Empire is upping its push for a minimum global tax on businesses.
Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday as part of its push for a global minimum for businesses.
The final rate could go even higher than that, according to a Treasury release that said the 15% minimum is a “floor and that discussions should continue to be ambitious and push that rate higher.”
"The international tax architecture must be stabilized, that the global playing field must be fair, and that we must create an environment in which countries work together to maintain our tax bases and ensure the global tax system is equitable and equipped to meet the needs of for the 21st century global economy,” the department said in a news release.
Treasury Secretary Janet Yellen has bemoaned low tax jurisdictions which she says are causing a global “race to the bottom” in terms of countries cutting their rates to try to lure foreign companies.