US collects support for 130 countries on global minimum tax – Ultima Ora

US collects support for 130 countries on global minimum tax – Ultima Ora
US collects support for 130 countries on global minimum tax – Ultima Ora

(ANSA) – NEW YORK, 01 JUL – The United States has collected international support for a global minimum tax for large companies. The Wall Street Journal reports this, citing some sources, according to which officials from the 130 OECD countries met virtually on Thursday and expressed support for the American proposal, effectively opening up the possibility that an agreement in principle will be signed at the G20 in Venice. next week. “A historic day for economic diplomacy,” says US Treasury Secretary Janet Yellen. “For decades, the United States has participated in an international tax competition, reducing its taxes only to see others reduce them even more. The result has been a global race to the bottom,” notes Yellen. “After years of negotiations and intense work, this historic package will ensure that multinationals pay their fair share of taxes everywhere,” emphasizes OECD Secretary General Mathis Cormann.

(ANSA).

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