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U.S. Treasury’s Yellen tells Irish finance minister tax deal is a generational opportunity By Reuters


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© Reuters. FILE PHOTO. U.S. Treasury secretary Janet Yellen responds to questions at the Senate Appropriations Subcommittee hearing on the FY22 budget request of the Treasury Department in Washington DC. June 23rd 2021. Greg Nash/Pool

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WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen urged Irish Finance Minister Paschal Donohoe on Wednesday to take a “once in a generation opportunity” for a global tax deal that stops a race to the bottom on corporate tax rates, the Treasury said in a statement.

Treasury stated that Yellen expressed appreciation to Ireland for its constructive involvement in the OECD Tax Reform talks. The two ministers also agreed to continue close communication about the matter.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.