G-20 Finance Chiefs Vow to Overcome Tax Deal Hurdles by October

Logo: Bloomberg Law

By Birgit Jennen and Christopher Condon 

Top officials from the U.S., Germany and France each expressed confidence that a proposed global tax deal can overcome political obstacles in Washington and within the European Union in time for it to be finalized in October. “There’s more work to be done, but I’m really hopeful that with the growing consensus we’re on a path to a tax regime that will be fair for all of our citizens,” U.S. Treasury Secretary Janet Yellen told reporters on the sidelines of a Group of 20 meeting of finance ministers and central bankers in Venice. 

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By Birgit Jennen and Christopher Condon , posted on Saturday July 10, 2021
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