Janet Yellen’s International Tax Plan Would Punish America

Janet Yellen’s International Tax Plan Would Punish America

U.S. Treasury Secretary Janet Yellen speaks during a news conference after attending the G7 finance ministers meeting at Winfield House in London, England, June 5, 2021. (Justin Tallis/Pool via Reuters)

Janet Yellen celebrated a recent G7 tax agreement as a win for “the middle class and working people in the U.S.” In reality, the scheme to establish a minimum global corporate-tax rate would transfer revenues from the U.S. treasury to foreign governments while putting American businesses at a disadvantage in…

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Janet Yellen’s International Tax Plan Would Punish America

 

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