WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to at least partially offset any disadvantages that might arise from the Biden administration’s proposed increase in the U.S. corporate tax rate.
The whole speech is unacceptable. I posted this section as it is the most agregious. Trying to control world economic policy? No, not going to happen, though you will drive more buisness out of America when the corporate tax rate goes up.
So many wealthy people are leaving that an exit tax now exists of 40% on your personal assets when you renounce your citizenship.
Speyside wrote:
