U.S. Proposal of 15% Global Minimum Tax is Progress: Japan’s Aso

May 21, 2021, 2:46 AM

The U.S. proposal for a global minimum corporate tax of at least 15%, a rate below what the Biden administration has floated for the overseas earnings of American firms, represents progress, Finance Minister Taro Aso tells reporters in Tokyo.

  • More discussion is needed on ideas for a global minimum tax on corporate profits, Aso says
  • Expect progress to be made on global tax agreements, including a digital tax at summer meeting of G-20, but final deals may take until November
  • Agenda for next month’s G-7 meeting in London also includes the environment, support for employment, and aid to developing countries ...

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