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

No results matched your search Economy3 hours ago (Apr 07, 2021 05:00PM ET) © 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…


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Economy3 hours ago (Apr 07, 2021 05: 00PM ET)

U.S. Treasury deputy chief sees majority of countries joining minimum tax deal© 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 he believed the United States can secure an agreement with the”vast majority” of the planet’s nations to enforce minimum company taxation.

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

“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.

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