Connect with us


U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says – CNBC

Adeyemo said the White House’s broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.



Article feature image

Adewale Adeyemo, Treasury Secretary Janet Yellen’s deputy, on Wednesday said increasing the U.S. corporate tax rate to 28% will not make American companies less competitive, because the Biden administration is confident it can win the support of developed nations to set a minimum tax worldwide.
“We’ve worked very closely with our international counterparts to counter what has been a race to the bottom in terms of international taxation,” Adeyemo, who goes by Wally, told CNBC’s Sara Eisen.
“We believe…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Ant Group Announces Overhaul as China Tightens Its Grip – The New York Times
Article feature image
Domino’s pizzas now delivered with autonomous cars in Houston – CNET
Article feature image
Stocks slip off record highs ahead of earnings, U.S. data – Reuters