Yellen pledges USA worldwide cooperation, calls for global minimum tax

  • par Rene Duval
  • dans Sport
  • — Avr 6, 2021
Partager:

Some tax experts say Canada can benefit from the US government's decision to join a campaign for the creation of a global minimum corporate tax rate for the world's major economies.

In a speech to the Chicago Council on Global Affairs on Monday, Yellen is expected to push for all other industrialized nations to raise their corporate tax rates to a minimum standard, as well, to ensure economic "competitiveness" worldwide.

Treasury Secretary Janet Yellen called for a global minimum corporate tax rate on Monday, a pitch that comes as the Biden administration begins to sell its roughly $2 trillion infrastructure and jobs proposal that would raise USA corporate taxes to fund the massive plan.

Her more cooperative approach marks a sharp contrast to the "America First" approach of her Trump administration predecessor, Steven Mnuchin. "It is about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods".


The tax changes include raising the country's corporate tax rate from 21% to 28%, a move that conservatives and moderate congressional Democrats have argued could be devastating for the American middle class.

Yellen also has dropped https://www.reuters.com/article/us-g20-usa-oecd/u-s-drops-safe-harbor-demand-raising-hopes-for-global-tax-deal-idUSKBN2AQ2E6 a key Mnuchin demand from worldwide tax negotiations - a provision that would allow large us technology companies opt out of any new rules on taxation of digital services.

Without a global minimum, the United States would again be at a disadvantage to a number of other major economies with lower tax rates, tax experts say, with US commitment helping to jump start negotiations for a tax deal among a number of major economies.

Yellen said in her remarks that while advanced economies had successfully supported their economies through the COVID-19 pandemic, it was too early to declare victory, and more support for low income countries to gain access to vaccines was needed.

Partager:

DANS LE CAS OÙ VOUS L'AVEZ MANQUÉ

NOUVELLES CONNEXES

Bruxelles, Namur, Fagnes...: la neige a fait son retour en Belgique (vidéos)
Le mercure va chuter d'une vingtaine de degrés par rapport au pic de chaleur de mercredi dernier. Les minima chuteront à -4°C en Hautes Fagnes et grimperont à 3°C à la mer.
4/05/2021

Online COVID-19 vaccine registration rolling out in B.C.
The changes to the vaccine booking process mean B.C.is moving into Phase 3 of its four-phase vaccination plan, the statement said. To help curb the spread, pharmacies began administering the Oxford-AstraZeneca vaccine to people between the ages of 55 and 65.
4/05/2021

Jordan's Prince Hamzah says he will disobey army orders to keep silent
In 2004, however, King Abdullah II replaced Prince Hamzah and later designated his eldest son as the Crown Prince of Jordan. Prince Hamza is a former crown prince, as his half-brother King Abdullah removed him from the line of succession in 2004.
4/05/2021

Alberta Health confirms 950 new COVID-19 cases in the province
The new cases come following the completion of 11,200 tests, meaning the positivity rate for the day was eight per cent. The province also reported about 8,000 vaccine doses were administered Saturday, with 693,000 shots given out to date.
4/05/2021

Low 50s for Easter Sunday sunrise warming to 80 by afternoon
The Eastern half - Temperature: Fine and cool, but partly cloudy in the south, becoming cloudy with rain from the afternoon. There will be showers and rain along the south coast, otherwise fine and cool to warm, but hot over the interior.
4/05/2021

Series of earthquakes rattle Southern California, including 4.0 quake near Lennox
That is a little deeper than most Southern California quakes and minimized the amount of shaking felt at the surface. The first quake was recorded around 4:15 a.m. and a 2.5 magnitude quake was also recorded minutes later.
4/05/2021

Canadas Ontario to go into four-week lockdown amid coronavirus cases rise
He says the province's vaccine rollout is not reaching the highest risk communities, which is delaying its anti-pandemic impact. It was just Tuesday that the province forced the Middlesex-London region back into the red-control zone due to climbing cases.
4/05/2021

Florida wastewater pond's 'imminent' overflow leads to evacuations and emergency order
DeSantis vowed to hold HRK Holdings, the owners of the property, accountable for the failure. "The pond is basically salt water". Hopes said he could not rule out that a full breach could destabilize the walls of the other ponds at the Piney Point site.
4/05/2021

Coronavirus: Don’t register healthcare, other frontline workers for vaccines, Centre tells states
The order further states that there has been a 24 % increase in healthcare workers databases in the past few days. From February 2, it was extended to frontline workers.
4/05/2021

Gujarat reports 2,875 Covid cases, 14 deaths
India started its vaccination drive on January 16 with priority given to all healthcare and frontline workers in the first phase. Experts say India's second wave is being fuelled by people being less cautious - and mixed messaging by the government.
4/05/2021

Hunter Biden Says He Picked for Crack off Dirty Carpets
Smith said that Hunter Biden told her that he had been sober since marrying his second wife, Melissa Cohen. Smith pointed out that, 'He nearly lost you'. 'I'm a Biden, we cry too much, ' he added.
4/05/2021

Ces ministres avec lesquels Pierre-Jean Chalençon se dit ami — Dîners clandestins
Pendant que Bruno Le Maire affirmait sur RTL que " Tous les ministres, sans exception, respectent la règle ". Chalençon et n'a évidemment jamais participé à un quelconque dîner ou soirée ", a indiqué son entourage.
4/05/2021

'Imminent' reservoir wall collapse threatens to pollute Tampa Bay
A significant leak at a large pond of wastewater threatened to flood roads and burst a system that stores polluted waters. The Florida governor declared a state of emergency on Saturday for Manatee County, where the plant is located.
4/05/2021

Mercury to plummet overnight as Arctic winds bring end to sunny spell
Sub-zero temperatures can be expected in parts of northern England, while the mercury could drop to -7C in some areas of Scotland.
4/05/2021

En France, plusieurs ministres auraient participé à des dîners clandestins
L'affaire a provoqué une vague d'indignation sur les réseaux sociaux durant le week-end avec un mot d'ordre: "on veut les noms". Ces dîners et soirées organisés clandestinement à Paris en plein couvre-feu a fait réagir l'exécutif.
4/05/2021