US Secretary of Treasury recently raised a proposal for minimum 21% corporate tax globally. Listen in to what could be the reasons behind it, the pros, the cons and whether it looks anywhere close to being implemented.

Sources:

1. Biden’s plans for a global corporate tax rate could make the world a fairer place – The Guardian

2. Joe Biden’s radical tax proposal – The Indian Express

3. Ireland will resist global corporate tax rate, says finance minister – The Guardian

4. Janet Yellen calls for minimum global corporate income tax – Mint