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U.S. Treasury deputy chief sees majority of countries joining minimum tax deal

EconomyApr 07, 2021 05:00PM ET
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© Reuters. FILE PHOTO: Adewale Adeyemo confirmation hearing to be Deputy Secretary of the Treasury

WASHINGTON (Reuters) - U.S. Treasury Deputy Secretary Wally Adeyemo said on Wednesday that he believed the United States can secure an agreement with the "vast majority" of the world's countries to impose minimum corporate taxes.

Adeyemo, in an interview on CNBC television, also said that the Treasury in those negotiations would not support digital services taxes that are discriminatory toward American companies.

"We have supported taxation that makes sure that companies have to pay a level rate throughout the world. That's why we're in favor of a minimum global tax to make sure that companies are no longer able to skirt taxation in the United States and around the world," Adeyemo said.

U.S. Treasury deputy chief sees majority of countries joining minimum tax deal
 

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Comments (2)
Jay Patrick
Jay Patrick Apr 07, 2021 5:29PM ET
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The globalist / socialists movement is looking to expand. Hang on to your wallets
Jay Patrick
Jay Patrick Apr 07, 2021 5:28PM ET
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The globalist / socialists movement is looking to expand. Hang on to your wallets
 
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