On the recordJune 7, 2021
There has been a global race to the bottom in corporate taxes, where countries compete by lowering their tax rates instead of the well-being of their citizens and natural environments.
Source
msnbc.comJanet Yellen: “There has been a global race to the bottom in corporate taxes, where countries compete by lowering their tax rates…”
Editor's note · Context
Janet Yellen highlights the need for a global minimum corporate tax to prevent harmful tax competition among countries.
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