“When some countries opt into this (minimum corporate tax) and put these taxes in effect, it’ll begin to be more and more that see that it’s in their interest to join up,” Yellen said at a discussion with Canadian Finance Minister Chrystia Freeland in Toronto.
Some 136 countries agreed a global deal in October 2021 to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation, but such a tax has not yet been implemented anywhere.
Source: Economy - investing.com
