US Treasury Secretary Janet Yellen called for a global minimum corporate tax to counter the profit shifting by large companies. There seems to be a renewed focus on the role of the government after the coronavirus crisis, and this has been especially true for the US since Joe Biden became the President.
Tax havens such as British Virgin Islands, Cayman Islands, Mauritius, Ireland, among many others, which have been the popular jurisdictions for big corporations, reduce the potential revenue that might accrue to home governments. A look at select countries — four advanced economies, three emerging markets and India —