Stock Groups

U.S. Treasury’s Yellen seeking October political agreement on global minimum tax By Reuters

by Mike Robinson

[ad_1]

© Reuters. Janet Yellen, Treasury Secretary, testifies at a hearing of the Senate Banking, Housing and Urban Affairs Committee on the CARES Act, held in Washington, DC, U.S.A, September 28th, 2021. Kevin Dietsch/Pool via REUTERS

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach a political agreement on a global minimum tax deal at the G20 summit in October and has not ruled out a rate higher than 15%.

Yellen spoke to the National Association for Business Economics and stated that the Senate Finance Committee was considering a slightly higher overseas corporate minimum tax rate than 16.5%, which has been passed by the House Ways and Means Committee.

We’ll watch how it turns out. But my hope is that, when reconciliation (legislation), passes, we’ll come into compliance this regime. “Yellen stated.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]