U.S. backs push for minimum global tax rate

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U.S. Treasury Secretary Steven Mnuchin said that the U.S. supported a push by France for a minimum corporate tax rate for developed countries worldwide, a move aiming to curb tax avoidance by multinationals. It’s something we absolutely support, that there’s not a chase to the bottom on taxation, Mnuchin said in Paris after talks with Finance Minister Bruno Le Maire.

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