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Global Minimum Tax Momentum Gains With G-20 Seeing Mid-Year Deal

U.S. is pushing for 21% rate, well above 12.5% floated so far
Irish Finance Minister Donohoe signals possible opposition

City Commuters as France Mulls New Virus Curbs — Photographer: Nathan Laine/Bloomberg

By

Alessandra Migliaccio,

Yoshiaki Nohara, and

William Horobin

April 7, 2021, 2:56 PM UTCUpdated onApril 7, 2021, 4:04 PM UTC

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The drive to overhaul global taxes for companies gathered more steam on Wednesday after Group of 20 finance chiefs, encouraged by new U.S. proposals, pledged to reach a consensus on new rules by mid-year.