A Global Minimum Corporate Tax

Yep, your eyes are not deceiving you. The new Treasury Secretary is calling for members of the G20 nations to do this. “We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations and spurs innovation, growth and prosperity,” Yellen said in a speech to the Chicago Council on Global Affairs. Guess how many of the G20 will agree in principal but leave the USA to actually implement? Guess which nation’s taxpayers will be footing the bill? You and I will be surrendering (by force of law) our sweat equity for the benefit of other nations, not ours. 81 million people voted for this?

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