G7 leaders will endorse proposed 15% global corporate minimum tax -White House


Reuters | Washington DC | Updated: 12-06-2021 03:02 IST | Created: 12-06-2021 02:39 IST
G7 leaders will endorse proposed 15% global corporate minimum tax -White House
Representative Image
  • Country:
  • United States

G7 leaders meeting in Britain will endorse U.S. President Joe Biden's proposal for global minimum tax of at least 15% on corporations, White House national security adviser Jake Sullivan said on Twitter on Friday.

The U.S. Treasury in May proposed a global minimum corporate tax of at least 15% to try to end a downward spiral of corporate tax rates and deter multinational companies from shifting profits to tax-haven countries.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback