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RIYADH (Reuters) - U.S. Treasury Secretary Steven Mnuchin said
on Saturday it was very important to have tax certainty on a
global basis and that the OECD was very close to consensus on a
framework for minimum corporate tax.
"You cannot have in a global economy different national tax
systems that conflict with each other," Mnuchin told an economic
conference in Saudi Arabia, which is hosting finance leaders of
the world's 20 largest economies.
"The good news is we're very close to a consensus on pillar 2,"
he said, referring to OECD tax reform talks on an international
framework for minimum corporate tax.
The Organization for Economic Cooperation and Development is in
the middle of the biggest rewrite of decades-old international
tax rules that proposes giving governments more power to tax big
multinationals doing business in their countries.
(Reporting by Andrea Shalal and Stephen Kalin in Riyadh; Writing
by Ghaida Ghantous, Editing by William Maclean)
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