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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: US Treasury Floats 15% Global Minimum Tax to OECD
The U.S. Treasury Thursday said it proposed that a global minimum corporate tax rate should be no lower than 15%, telling an Organization for Economic Cooperation and Development tax steering group meeting that it was seeking higher tax rates and a multilateral agreement.
"Treasury underscored that 15% is a floor and that discussions should continue to be ambitious and push that rate higher," the department said in a readout after two days of meetings with the OECD group. The Treasury Department said it was "heartened by the positive reception to its proposals and the unprecedented progress being made towards establishing a global corporate minimum tax."
G20 finance ministers are set to meet in July to discuss cross-border tax reform before a Rome summit in late October. MNI has reported that a wide divergences between countries on the issue of a minimum corporate tax may make the G20's summer deadline unlikely.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.