The US Treasury Department said that it is necessary to continue discussions to raise this rate higher.
The US Treasury Department has proposed to establish a global corporate income tax of at least 15%. This is stated in a press release published on the agency’s website on Thursday.
“The Ministry proposed to the coordination group that the global minimum tax rate [on corporate profits] should be at least 15%,” the report said.
The Ministry stressed that this is the lowest possible rate and that it is necessary to continue ambitious discussions to raise this rate higher.