Janet Yellen decries the global ‘race to the bottom’ on Corporate Taxes – Don’s 21% to be replaced with Joe’s 28% to fund a belated COVID $3t stimulus package

Dr Yellen was appointed chair of US Federal Reserve Bank by President Obama, was not reappointed by President Trump, and when America went back to a Democrat President, Joe Biden appointed her Secretary of the Treasury. In early April 2021, she gave broad brush speech on US tax policy, to the Chicago Council on Global Affairs. It gave some insight into the Biden administration approach to taxes – both domestic and global, whilst giving an eerie feeling that this could only happen in America.

See below for further details.

[Tax Month – April 2021]