Yellen’s Global Minimum Tax Is a Boon for Beijing

https://www.wsj.com/articles/yellens-global-minimum-tax-would-be-a-boon-for-beijing-european-union-state-owned-exemption-defense-china-aa33350?mod=opinion_lead_pos6

The U.S. Constitution specifies that Congress, not unelected bureaucrats or foreign adversaries, is in charge of crafting our nation’s tax laws. As the American people awaken to the geopolitical and economic threats posed by the Chinese Communist Party, that protection makes more strategic sense than ever. Yet Treasury Secretary Janet Yellen is turning this bedrock principle on its head by writing a global tax code with the help of European bureaucrats that would redound to the benefit of Beijing. If enacted, the new rules would violate international law and harm U.S. security.