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10/31/2021 Statement from Secretary of the Treasury Janet L. Yellen on the Global Minimum Tax Agreement | U.S. Department o… Statement from Secretary of the Treasury Janet L. Yellen on the Global Minimum Tax Agreement October 30, 2021 ROME — Secretary of the Treasury Janet L. Yellen released the following statement on the historic endorsement of the global minimum tax by G20 countries: "Today, every G20 head of state endorsed an historic agreement on new international tax rules, including a global minimum tax that will end the damaging race to the bottom on corporate taxation. It’s a critical moment for the US & the global economy. I congratulate President Biden on this important achievement. This deal will remake the global economy into a more prosperous place for American business & workers. Rather than competing on our ability to o er lower rates, America will now compete on the skills of our people, our ideas, & our capacity to innovate — which is a race we can win." ### https://home.treasury.gov/news/press-releases/jy0447 1/1
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