The corporate tax rates across the world as of 2019
* The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday
* Treasury Secretary Janet Yellen first proposed a 21% global corporate minimum tax as part of President Joe Biden's $2.2 trillion infrastructure spending proposal
* Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28% from the current 21%
* Most countries that have a corporate tax rate below 15% are tax havens such as Bermuda and the Cayman Islands
* All of the G7 nations have a rate higher than 15% and China's rate is 25%
The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday, backing down from its earlier call for a 21% minimum rate.
Treasury Secretary Janet Yellen first proposed a 21 percent global corporate minimum tax in April as part of President Joe Biden's $2.2 trillion infrastructure spending proposal.
Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28 percent from the current 21 percent.
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WNU Editor: Not going to happen. Too many governments, companies, and very rich elites will move heaven and earth to make sure this does not happen.
More News On The U.S. Proposing A Global Minimum Corporate Tax Rate Of 15%
U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher -- CNBC
Biden administration proposes global minimum tax of at least 15% -- CBS
US proposes 15 per cent global minimum tax rate for companies -- SKY News
Treasury pitches global minimum tax rate of at least 15 percent -- The Hill
