Treasury Department official describes a pending global agreement on corporate taxes as “akin to a term sheet” that now requires a commitment to ironing out specific details on how it will work.
- The pact, so far endorsed by more than 130 governments, contains “a level of detail appropriate for the finance ministers of the world,”
Itai Grinberg, deputy assistant secretary for multilateral tax in the Treasury Department’s Office of Tax Policy, says in speech Wed. to economists’ group
- “It is time to get to work on the next level of detail,” Grinberg says. “And the Treasury welcomes constructive input ...