Commentary
According to U.S. Treasury Secretary Janet Yellen, global corporate income taxes have been lo these many years “racing to the bottom.” This must be nipped in the bud, in her opinion, if prosperity is to be attained.
U.S. Treasury Secretary Janet Yellen attends G7 finance ministers meeting at Lancaster House in London, England, on June 5, 2021. Alberto Pezzali/WPA Pool/Getty Images
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Walter Block
Author
Walter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, at Loyola University New Orleans.
