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U.S. Treasury Secretary Remarks on Global Minimum Tax

24 January 2022

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Proposed Changes

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United States

The U.S. Department of the Treasury has published remarks given by Treasury Secretary Yellen at the 2022 'Virtual Davos Agenda' Hosted by the World Economic Forum. In the remarks, Secretary Yellen primarily addresses the Biden Administration's strategy to sustain economic recovery and to address longstanding structural issues relating to income inequality, racial disparities, and climate change. Secretary Yellen also addressed the agreement for a global minimum tax as follows: --- This past summer, in a remarkable testament to the power of U.S. leadership and multilateralism, 137 countries—representing nearly 95 percent of the world's GDP—have agreed to rewrite the international tax...