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Yellen says U.S. pushing to end global ‘race to the bottom’ on corporate taxes



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Janet YellenScott Mlyn | CNBCThe U.S. is taking a two-pronged approach toward its goal of implementing a worldwide minimum tax for corporations as it progresses through negotiations with a global consortium, Treasury Secretary Janet Yellen said Tuesday.Getting countries around the world to implement a bottom level tax that all companies pay has been a goal the White House has set to stop firms from relocating their home operations to countries with cheaper rates.That objective has taken on greater urgency as the administration seeks to raise taxes on U.S. companies. Yellen said she’s encouraged so far by developments …

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