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U S Senate Committee on Finance (via Public) / Crapo Raises Questions on Treasury OECD Strategy

05/25/2021 | Press release | Distributed by Public on 05/25/2021 09:10 Crapo Raises Questions on Treasury OECD Strategy May 25,2021 Sends letter to Yellen on Treasury s approach to international tax negotiations Washington, D.C. U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, sent a letter to U.S. Department of Treasury Secretary Janet Yellen outlining priorities and raising questions regarding Treasury s approach to international tax negotiations with the Organisation for Economic Co-operation and Development (OECD). From the letter: The United States should not be willing to accept an agreement that continues to target American companies and lets our biggest competitors off the hook. Nor should the United States act to raise the GILTI rate - the sole international minimum tax in place - before our OECD competitors take action to implement their own global minimum taxes. These issues must be resolved in order for Congress to understand wheth

US Treasury proposes global minimum tax rate of 15%

US Treasury proposes global minimum tax rate of 15% ​ By IANS | ​ 0 Views   WASHINGTON D.C., Sept. 5, 2014 (Xinhua) The outlook of the U.S. Treasury Department is seen in Washington D.C., the United States, Sept. 4, 2014. A ceremony is held here on Thursday to commemorate the 225th anniversary of the Treasury Department. . Image Source: IANS News Washington, May 21 : The US Treasury Department said it proposed that the global minimum tax rate should be at least 15 per cent, noting that the final rate could go even higher. In a statement on Thursday, the Department said over the last two days, department officials participated in meetings with the Steering Group of the Inclusive Framework on base erosion and profit shifting, as part of the Organization for Economic Cooperation and Development (OECD)/G20 international tax negotiations, reports Xinhua news agency.

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