Yellen presses for global minimum tax in first big speech as Treasury secretary

Treasury Secretary Janet Yellen on Monday pushed for a global minimum corporate tax rate during her first major speech in her new role, as the Biden administration is seeking to enact an infrastructure plan financed by increasing taxes on corporations.

“Together we can use a global minimum tax to make sure 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 the prepared remarks of her speech, which is being delivered at a virtual event hosted by the Chicago Council on Global Affairs.