VENICE, Italy, July 10 (Reuters) – US Treasury Secretary Janet Yellen said on Saturday that a meeting of G20 finance ministers in Italy showed the world was ready to end the global race to tax corporations to the bottom and that “it should now move quickly to finalization agreement. “
“In addition to taxes, the G20 has made good progress on a number of issues, including climate change and efforts to help lower-income countries by introducing vaccines so the world can finally neutralize the COVID-19 threat,” Yellen said in a statement, adding that multilateral cooperation could make the United States more competitive in the global economy. (Report: David Lawder, editing: Paul Simao)
