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WASHINGTON, Oct. 7 (Reuters) – Ireland’s decision to drop its opposition to overhaul of global tax rules sets the world on track for a “generational realization” of a global minimum tax that will boost the competitiveness of United States, a spokesperson for the US Treasury said Thursday. .
The spokesperson said in a statement that the global minimum tax “would create a level playing field for jobs and investments to thrive, and generate reliable income to fund programs that would benefit working and living families. the middle class”.
Another Treasury official, who also said the Treasury was happy with Ireland’s move, said the agreed global minimum tax rate of 15% would be a floor, not a ceiling, allowing countries to set higher rates according to their needs.
Reporting by David Lawder; Editing by Leslie Adler
Our Standards: Thomson Reuters Trust Principles.
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