• Biden and Yellen get 130 countries to back a global minimum tax, including the G20, in historic breakthrough

    27 days ago - By Business Insider

    Janet Yellen testifies before the House Finance Committee
    Chip Somodevilla/Getty Images 130 countries have agreed to a global minimum tax, including the G20 and much of the OECD.
    The tax would ensure multinational firms they don't flee countries for more favorable rates.
    Despite widespread international approval for Janet Yellen's proposal, the GOP hasn't agreed yet.
    See more stories on Insider's business page .
    A US-backed measure to create wider global tax parity and tamp down on companies moving from one country to another for lower taxes has won widespread international support...
    Read more ...