, Columnist
Yellen’s Global Tax Plan Is a China Trade War-Level Fight
Her targets are the big corporations that have offshored their profits in places like Singapore, Ireland, the British Virgin Islands and other jurisdictions that impose little to no levies.
Going after the tax havens.
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If you expected the administration of President Joe Biden to be a return to normalcy on trade issues after the drama of Trump-era tariff battles and tweet diplomacy, Treasury Secretary Janet Yellen has other ideas.
That’s because her plans announced Monday to introduce a global minimum corporate tax rate represent quite as much of a shock to the international economic order as Trump’s decision to wage trade war on China.