Push for global minimum corporate tax rate
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The United States is pushing for a global minimum tax to prevent multinational companies from evading taxes by establishing headquarters in countries with low corporate tax rates
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CORPORATE TAX RATES IN 2020 (by country, %)

Over 30
21-30
10-20
Under 10
No data 

Global average: 23.8%
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DECLINE IN CORPORATE TAX RATES
(average rate by decade, %)

1980 1990 2000 2010 2020

50 40 30 20 10 0 

G7 economies G20  World

U.S. Treasury Secretary Janet Yellen is pushing for agreement among G20 group of advanced economies. Minimum tax rate promoted by OECD* and backed by IMF

Minimum tax rate has yet to be decided – estimates range between 12.5% and 21% 

*Organisation for Economic Co-operation and Development
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Sources: AFP, KPMG, Tax Foundation Picture: Getty Images © GRAPHIC NEWS