G20 commit to work towards ‘ambitious’ international corporate tax deal backed by US Treasury Secretary Janet Yellen

By Associated Press10 days ago

  • US Treasury Secretary Janet Yellen last week urged the adoption of a minimum global corporate income tax, citing a 30-year race to the bottom in which countries have slashed corporate tax rates to attract multinational businesses
  • On Wednesday, Italian Finance Minister Daniele Franco said after a meeting of finance ministers and central bank governors that the G20 was committed to reaching an agreement, hopefully we expect it to take place in July

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