Retirement Planning

Janet Yellen Just Said this about Taxes… [Video]

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Janet Yellen Just Said this about Taxes…

“Janet Yellen Calls For A GLOBAL Minimum Corporate Tax Rate. Janet Yellen, the US Treasury Secretary recently proposed a Global Minimum Corporate Tax Rate at the G20 summit. This global minimum corporate tax rate is looking to tax all the world’s corporations at the same rate. This is because many of the major corporations in the US have left because of the high corporate tax rate. So Janet Yellen, the US Treasury Secretary is going to push for this global tax because of the tax revenue that the US is missing out on. Is this part of the Great Reset plan for global domination and a one world government? Or is this just some greedy US Government organization salty about losing tax revenue?

0:00 Intro
0:34 Financial news article about the global minimum corporate tax
1:40 Why are they pushing for a global minimum corporate tax?
3:50 AP News article about the global minimum corporate tax
5:35 My thoughts on the global minimum corporate tax
8:30 Final thoughts on the janet yellen proposal
9:20 How to protect against Biden taxes

“Janet Yellen calls for global minimum corporate tax” (Financial Times)

“Yellen calls for minimum global corporate income tax” (AP News)

Recently Janet Yellen proposed a global minimum corporate tax to tax major corporations who have moved out of the US because of the high corporate tax rates. Companies like Burger King, Budweiser, Apple…..have all moved out of the US due to the high taxes. Well in response, Janet Yellen and the Biden administration are dead set on recouping the tax revenue that was lost with these multi-billion dollar corporations moving their companies out of the US. The global minimum corporate tax was proposed by Yellen to other countries during a recent meeting. We have yet to see what these other countries think about this global tax, but I can tell you right now….not many will be on board in my opinion.

Here is why I think that many countries, if not all of them, will refuse Janet Yellen’s call for a minimum global corporate tax. The global tax hike would not incentivize ANY major corporation to move to their country. And when a large corporation moves to another country, what does that do to the country’s economy? Well it makes it grow because of the jobs that are created. These major corporations are contributing to the home country’s economic strength and do you think that these countries will blindly follow the US policy on corporate taxes? No….Heck No.

These other countries will most likely not adopt a global minimum corporate tax, mandated by the US, because it is not their problem! The fact that the US is mad about all the loss tax revenue will raise the eyebrows of the leadership of the other countries. It’s not their issue that the US has probably the highest tax revenue in the whole world, but the mismanagement of tax funds are asinine! Government spending in the US is so out of hand and to think that Janet Yellen and the Biden administration are trying to convince other countries of adopting a global corporate tax makes me wonder if this is part of the Great Reset plan? Let me know what you think down in the comment section!

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