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Secretary of Treasury Yellen wants a GLOBAL corporate tax

See what’s going on?

This is globalism at its finest.

Now we’ll need permission from someone in Belgium to change our corporate taxes. Prepare under President Biden to  forfeit plenty of our sovereignty that Donald Trump had just fought so hard to get back.

According to the Washington Times:

Treasury Secretary Janet Yellen made the case for a global minimum tax that would prevent U.S. companies from moving overseas to avoid higher taxes at home.

Ms. Yellen on Monday called for global coordination on an international tax rate that would apply to multinational corporations regardless of where their headquarters are located. She said such a global tax could halt the “thirty-year race to the bottom” in which countries have competed against each other by lowering their corporate tax rates, as the U.S. did under President Trump.

“Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids,” Ms. Yellen told the Chicago Council on Global Affairs. “It is about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.”

7 thoughts on “Secretary of Treasury Yellen wants a GLOBAL corporate tax”

  1. Biden wants to raise the corporate tax to pay for his fake “infrastructure” plan. Yellen knows that if those taxes are raised, American Corporations will be at a huge disadvantage relative to those countries with lower corporate taxes. So Yellen’s solution is “let’s get all countries to agree to one tax rate, the one imposed by the USA on American corporations” Voila, problem solved. She is unbelievably stupid just like corrupt Biden, self-righteous Pelosi, vicious Schumer and all the rest of those far left dead-brain Demoncrats.

  2. Why would China now in the driver seat-unless having some secret agreement with Hunter and Joe- agree to this?

    What’s happening in the USA doesn’t make any sense!

    1. You are onto something, George. China would not agree to this unless they see this is as something that will work out to their advantage, something they can use to exploit the USA. Secret agreement(s) is a real possibility. China works out secret agreements with poor, corrupt, 3rd world gov’t leaders such as Ghana, a country I am very familiar with since I’ve traveled there many times to visit my daughter and her family. Although not a 3rd world country, corrupt politicians in the USA are as easy prey as corrupt politicians in 3rd world countries. And we know biden and his family are corrupt, that’s why they are very wealthy.

  3. Yellen the Financial bubble popper. You can depend on her white knuckles and blue hair anytime there is a costly speaking engagement. Along with her fiscal irresponsibility America has become that much more ignorant reading her rant against capitalism and free economy. Tax hikes loom below the lofty clouds of which she surveys all the little people below.

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