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UNITED STATE Treasury Assistant Janet Yellen has actually suggested an international minimal corporate tax obligation price for huge firms.
" We're dealing with G20 countries to consent to a global minimum business tax obligation price that can stop the race to the bottom. Together, we can utilize the worldwide minimum tax obligation to make sure that the international economy grows, based on a much more equal opportunity in the taxation of international corporations and spurs advancement, growth and also prosperity," Yellen said at a meeting with the Chicago Council on Global Matters.
Rick Regulation, Supervisor of Sprott Inc. called this proposition "despicable" as well as said that it was even more of an effort by the federal government to flex raw power than to really create success.
0:00 – International minimal corporate tax obligation
5:22 – Push-back from the private sector?
7:35 – China and Russia
11:15 – Chinese electronic Yuan
15:30 – American permissions
17:20 – Is Rick Guideline entering public service?
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Global corp. tax: It's despicable, dangerous, and it's going to happen – Rick Rule (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/sW3D3rK1Vhg
U.S. Treasury Secretary Janet Yellen has proposed a global minimum corporate tax rate for large companies.
"We're working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use the global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations and spurs innovation, growth and prosperity," Yellen said at a meeting with the Chicago Council on Global Affairs.
Rick Rule, Director of Sprott Inc. called this proposal "despicable" and said that it was more of an effort by the government to flex raw power than to actually create prosperity.
0:00 - Global minimum corporate tax
5:22 - Push-back from the private sector?
7:35 - China and Russia
11:15 - Chinese digital Yuan
15:30 - American sanctions
17:20 - Is Rick Rule entering public service?
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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