Explainer-What is a global minimum tax and how could it affect companies, countries? By Reuters
By Leigh Thomas and David Lawder PARIS/WASHINGTON (Reuters) - Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. Yellen said earlier this month that she is working with G20 countries to agree on a global minimum, which she said could help end a "30-year race to the bottom on corporate tax rates." WHY A GLOBAL MINIMUM TAX? Major economies are aiming to discourage multinational...
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