Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
I can’t read this article due to a paywall, but I know that Janet Yellen has been leading an effort to set a minimum corporate tax rate worldwide. I don’t know what her stance is on wealth taxes in general, but I wouldn’t be surprised if she’s just trying to ensure that a minimum corporate tax rate work is not derailed by changing the target to something more controversial.