Minimum global corporate tax - Israel PM on trial - Software copyright ruling

[Treasury Secretary Janet Yellen] called on other nations to support the initiative, saying that the U.S. is working with other G20 nations to develop and implement a global minimum tax, which she said would “stop the race to the bottom” and foster more equitable economic growth among countries and regions.
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Biden’s plan calls for a corporate tax rate of 28 percent — effectively splitting the difference between the 21 percent rate signed into law in 2017 and the 35 percent it had been prior to the GOP tax cuts — and for doubling the current offshore tax rate of 10.5 percent.
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“Countries that decide to attract ‘desirable’ firms or activities will find a way around the global minimum with tax credits [or] special deductions,” said Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics. “China will pay no attention to the OECD global minimum. Neither will Russia and many other countries.”