U.S. Treasury's Yellen tells Estonian finance minister tax deal 'top priority'
- Country:
- United States
U.S. Treasury Secretary Janet Yellen told Estonian Finance Minister Keit Pentus-Rosimannus on Wednesday that it was important to reach a deal to reshape the global tax system to ensure that corporations pay their fair share, the Treasury said in a statement.
Estonia has thus far opposed OECD discussions surrounding a 15% global minimum corporate tax, arguing in favor of exemptions from the system.
"Secretary Yellen conveyed how achieving consensus on a global minimum tax is a top priority, and that it would stop the race to the bottom in corporate taxes and restore equity for the middle class and working-class people both in the U.S. and around the world," the Treasury said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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