The US is reportedly proposing a 15% global minimum tax rate on corporations

Treasury Secretary Janet Yellen.
BRENDAN SMIALOWSKI/AFP via Getty Images
The New York Times reports that the US is proposing at least a 15% global minimum tax rate.
That nonbinding rate is meant to prevent corporations from going to countries with lower taxes.
The global minimum push comes as President Biden moves to increase corporate taxes at home.
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The Treasury Department has proposed at least a 15% global minimum tax rate for corporations in recen