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9 April 2021updated 28 Jul 2021 6:54am

The US call for a global minimum tax rate is an antidote to America First

How US Treasury Secretary Janet Yellen's ambitious proposals could reshape globalisation for the better.

By Emily Tamkin

On Monday 5 April, speaking at the Chicago Council on Global Affairs, US Treasury Secretary Janet Yellen called for a global corporate tax, which would mean that large companies would have to pay a certain amount in taxes regardless of where in the world they were based.

Such a policy, Yellen said, would “make sure the global economy thrives based on a more level playing field” and would end a decades-long race to the bottom.

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