Yilin will go to the Group of Seven to promote global minimum taxes on multinational corporations

This content was published on May 24, 2021 – 3:05 PM

Washington, May 24 (EFE). – US Treasury Secretary Janet Yellen will attend the G7 finance ministers summit next week in London, where the US proposal to approve a global minimum tax for large companies will be discussed. At least 15%, the US government says today.

Yellen’s trip to London on June 4-5 marks her first overseas trip since taking office in February.

The Treasury Department said in a statement that Yellen “will strengthen the United States’ commitment to the political priorities designated to promote the global post-pandemic recovery, including financial support measures, and access to and distribution of vaccines.”

Last week, the US Treasury drafted its proposal to approve a global corporate tax floor of at least 15%, although it indicated that this figure is a basis for continuing talks with the idea of ​​agreeing even a higher tax rate. .

In recent weeks, Washington has maintained contacts with project officials against the erosion of the BEPS tax base, which is run by the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty.

The memo added that Yellen will discuss with other G-7 ministers (Canada, France, Germany, Italy, Japan and the United Kingdom, in addition to the United States), public health promotion to avoid future epidemics and the need. To build “greener and more resilient economies” to meet the challenges of climate change. EFE

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