U.S. Treasury Secretary Yellen to call for global minimum tax rate: Axios

(Reuters) – U.S. Treasury Secretary Janet Yellen will on Monday call for a global minimum corporate tax rate, in a speech to the Chicago Council on Global Affairs, Axios reported.

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FILE PHOTO: FILE PHOTO: U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware

“We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Yellen will say in her speech, according https://bit.ly/3uo2lY9 to an excerpt of her prepared remarks cited by Axios.

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(Reporting by Bhargav Acharya in Bengaluru; editing by Emelia Sithole-Matarise)