U.S. Treasury’s Yellen seeking October agreement on global minimum corporate tax

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Reuters

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15%. Yellen, speaking to the National Association for Business Economics, said the Senate Finance Committee is looking at a “slightly higher” overseas minimum corporate tax rate than the 16.5% passed by the House of Representatives Ways and Means Committee. “We’ll see where it all shakes out, but my hope is that when reconciliation (legis…

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