1 Minute Read by Reuters Staff (Reuters) – VENICE, Italy, July 10 – The G20 finance ministers meeting in Italy on Saturday, according to US Treasury Secretary Janet Yellen, demonstrated that the world is ready to end the global race to the bottom on corporation taxation and that the world “should now act fast to finish the deal.” “In addition to tax, the G20 made significant progress on a number of issues, including climate change and the effort to assist low-income countries with vaccine rollouts so that the world can finally eliminate the threat of COVID-19,” Yellen said in a statement, adding that multilateral cooperation can help the US compete in the global economy. (David Lawder contributed reporting.) Paul Simao edited the piece.)/n
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