G7 finance ministers agreed to a global minimum corporate tax of at least 15%
The proposed 15% is a floor, with further discussions encouraged to push the rate higher
The Treasury Department issued a report Thursday that outlines proposals for new measures
President Joe Biden wants to crack down on the loopholes, shelters and havens that allow multinationals to dodge taxes
Banks would likely step up tax avoidance strategies amid higher federal rates
A tax targeting large companies “making record profits” was proposed by the NDP last year
The 2017 tax cuts failed to deliver an accelerating economy, the Treasury secretary said
The American president's plan includes hiking the corporate rate to 28% from 21%
A new program will enable junior mining companies to seek up to $200,000 per project
Corporate tax policy is likely to be the main market-mover