U.S.’S YELLEN SAYS TAX CHANGES FOR LARGE FIRMS MAY NOT BE READY UNTIL 2022

{

 

 

U.S. Treasury Secretary Janet Yellen said on Sunday that a new mechanism to allow more countries to tax large, highly profitable multinational firms may not be ready for consideration by lawmakers until the spring of 2022.

Yellen told a news conference after a G20 finance leaders meeting in Venice in Italy that the OECD “Pillar 1” re-allocation of taxing rights was on a “slower track” than a global corporate minimum tax of at least 15% as part of a major tax deal among 132 countries

Source: Union of Arab Banks website

}

Currency Exchange Rates

currency sell buy
USD 597 599
GBP 826.36 829
SAR 157.4 157.8
EUR 702.77 705

تقارير ومقالات