In a story published October 23, 2023, The Associated Press mischaracterized what U.S. Treasury Secretary Janet Yellen said in a news conference in Luxembourg about a worldwide agreement on a global minimum corporate tax
ByThe Associated Press
October 22, 2023, 7:38 AM
File – The Apple logo, in rainbow colors, is shown at a company’s store in Frankfurt, Germany on July 31, 2023. An agreement to weed out global tax havens and force multinational corporations, among them Apple and Nike, to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. (AP Photo/Michael Probst, File)
The Associated Press
WASHINGTON — In a story published October 23, 2023, about The Associated Press mischaracterized what U.S. Treasury Secretary Janet Yellen said in a news conference in Luxembourg about a worldwide agreement on a global minimum corporate tax. She was referring to a tax on companies that have no physical presence in a country but that earn profits there, such as through digital services.