US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua
US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua

China won’t benefit from ‘loopholes’ in global minimum tax plan, US Treasury Secretary Janet Yellen says

  • Group of 7 (G7) finance officials on June 5 agreed to support a minimum corporate tax rate of at least 15 per cent, a move which was endorsed by G7 leaders on Sunday
  • Finance officials from the Group of 20 (G20) major economies – which includes China – will focus on the US global minimum tax proposal when they meet in Venice in July

Topic |   Global minimum tax
US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua
US Treasury Secretary Janet Yellen said the US and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by the Group of 7 (G7) advanced economies. Photo: Bloomberg. Photo: Xinhua
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