U.S. Treasury proposes global minimum corporate tax rate of at least 15%

  • 5/20/2021
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WASHINGTON, May 20 (Reuters) - The U.S. Treasury said on Thursday it proposed that a global minimum corporate tax rate should be at least 15%, telling an Organization for Economic Cooperation and Development (OECD) tax steering group meeting that it was seeking a higher rate. “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 of the OECD meeting. (Reporting by David Lawder and Tim Ahmann; Editing by Leslie Adler) Our Standards: The Thomson Reuters Trust Principles.

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