On Capitol Hill in Washington, DC, United States, on June 23, 2021, US Treasury Secretary Janet Yellen answers questions during a Senate Appropriations Subcommittee hearing to evaluate the Treasury Department’s FY22 budget request. Pool/Greg Nash REUTERS via Reuters, WASHINGTON, July 6 – Treasury Secretary Janet Yellen will press G20 colleagues this week for a global minimum tax rate higher than the 15% floor agreed by 130 countries last week, but no decision is expected until later stages of the OECD negotiations, according to US Treasury sources. According to authorities, Yellen is also working with the Senate Finance Committee and the House Ways and Means Committee to include provisions in budget reconciliation legislation to execute international tax agreements, such as a reallocation of taxing rights for major multinational businesses. David Lawder and Andrea Shalal contributed reporting, and Franklin Paul edited the piece. The Thomson Reuters Trust Principles are our standards./n
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