Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP
Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

There will be few tears for companies when taxman calls  

  • Other countries are watching as the United States aims to tax and spend in the wake of the crippling pandemic, and corporations that have ridden the gravy train for so long are facing payback time  

Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP
Federal Reserve Chair Janet Yellen, who has urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the US corporate tax rate. Photo: AP
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SCMP Editorial

SCMP Editorial

Editorials represent the views of the South China Morning Post on the issues of the day.