Rome, Oct. 30 (BNA) – Leaders of the Group of Twenty (G20) have unanimously agreed to impose a global minimum corporate tax in a move that US Treasury Secretary Janet L. Yellen hailed as benefiting American businesses and workers.
The AP said that a few months earlier, G20 finance ministers had agreed a minimum tax rate of 15% and formal approval was widely expected at the summit on Saturday in Rome on global economic powers.
Yellen predicted in a statement that the deal on new international tax rules, with a global minimum tax, would “end the harmful race to the bottom on corporate taxation.”
The summit concludes on Sunday afternoon.
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