<Anchor> The
US Treasury Secretary has announced that it will discuss ways to set a lower corporate tax limit with G20 countries so that corporate taxes cannot be lowered below a certain level.
This is interpreted as a proposal to reduce the side effects of the Biden government's corporate tax increase.
This is Kim Jong-won's correspondent from New York.
<Reporter>
US Treasury Secretary Janet Yellen has announced that he will cooperate with countries in 20 major G20 countries to set a lower corporate tax limit.
[Janet Yellen/US Treasury Secretary: If countries work together, we will be able to revitalize the global economy by enforcing an international corporate tax lower limit.
There will be a fairer stage than now.]
Minister Yellen said that countries around the world should stop competing to lower corporate taxes, and that they will attend this week's IMF and World Bank meetings to discuss these options.
The analysis that the U.S. Treasury Department made such a proposal is due to President Biden's policy to raise corporate taxes in the United States.
[Biden/President of the United States: Corporate tax was originally 36%, but this is now down to 21%.
It's unusual.
We are discussing a plan to raise the corporate tax to 28%, which everyone thinks is fair.] A
budget of over $2.2 trillion is required for large infrastructure investments being promoted by the Biden administration, and a corporate tax increase is inevitable to cover this. situation.
But in that case, there were concerns that companies in the United States could leave in search of cheaper corporate taxes, and they proposed setting lower corporate tax limits in major countries.
The Treasury Department is planning to lead international cooperation led by the United States, but some analyzes say that it is not known to what extent it will actually be possible.