Yellen Calls for Global Minimum Corporate Tax Rate

The video discusses the global race to lower corporate tax rates and its impact on competitiveness. It emphasizes the need for stable tax systems to fund public goods and handle crises. President Biden's recent proposals aim to raise the US minimum tax rate and engage internationally to combat tax competition. The video highlights efforts with G20 nations to establish a global minimum corporate tax rate, promoting a fairer global economy and encouraging innovation and growth.

What is the main concern of the global race to lower corporate tax rates?

• Stabilizing tax systems for public investment

• Increasing government revenue

• Ensuring fair competition among companies

• Promoting international trade

What is a key component of President Biden's tax proposals?

• Reducing the US minimum tax rate

• Eliminating corporate taxes

• Increasing international trade barriers

• Raising the US minimum tax rate

Why is international cooperation important in Biden's tax proposals?

• To increase global trade

• To end tax competition pressures

• To reduce government spending

• To promote cultural exchange

What is the goal of establishing a global minimum corporate tax rate?

• To encourage tax evasion

• To create a level playing field in global taxation

• To increase corporate profits

• To reduce international cooperation

How does a global minimum tax rate benefit the global economy?

• By decreasing government revenue

• By fostering innovation and growth

• By promoting economic inequality

• By reducing innovation