Treasury Secretary Raises Concerns Over Global Tax Talks – USA DAILY NEWS

Treasury Secretary Raises Concerns Over Global Tax Talks

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WASHINGTON—The U.S. has “serious concerns” with proposals being discussed in the global rewrite of corporate tax rules, Treasury Secretary Steven Mnuchin said.

In a letter to the Organization for Economic Cooperation and Development, Mr. Mnuchin cited concerns from U.S. businesses about a potential emerging agreement and offered a new idea that could complicate or delay a deal. He warned that changing the mandatory rules for when countries have the right to tax companies could affect “longstanding pillars of the international…

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