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.