Advertisement
UK markets close in 3 hours 6 minutes
  • FTSE 100

    8,115.62
    +36.76 (+0.46%)
     
  • FTSE 250

    19,802.69
    +200.71 (+1.02%)
     
  • AIM

    754.72
    +1.60 (+0.21%)
     
  • GBP/EUR

    1.1668
    +0.0012 (+0.10%)
     
  • GBP/USD

    1.2508
    -0.0003 (-0.02%)
     
  • Bitcoin GBP

    51,434.73
    +266.82 (+0.52%)
     
  • CMC Crypto 200

    1,387.65
    -8.88 (-0.64%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.43
    +0.86 (+1.03%)
     
  • GOLD FUTURES

    2,355.10
    +12.60 (+0.54%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,046.23
    +128.95 (+0.72%)
     
  • CAC 40

    8,042.32
    +25.67 (+0.32%)
     

US Treasury's Mnuchin: Tax certainty needed on global basis

RIYADH, Feb 22 (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 Organisation 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)