Neal, Wyden Statement on G7 Finance Ministers’ Global Minimum Tax Agreement

The following press release was published by the U.S. Congress Committee on Ways and Means on June 5, 2021. It is reproduced in full below.

WASHINGTON, DC-Today, Ways & Means Committee Chairman Richard E. Neal (D-MA) and Senate Finance Committee Chair Ron Wyden (D-OR) released the following statement after finance ministers from the G7 countries announced that they agreed to a minimum global corporate tax rate of at least 15 percent and reaffirmed the commitment to the removal of all Digital Services Taxes:

“This historic consensus by the G7 paves the way for formal agreements to be reached among the participants in the Inclusive Framework negotiations on this matter. We look forward to reviewing the details of today’s deal and applaud the Biden Administration’s leadership in working to level the international playing field and support American workers."

Source: U.S. Congress Committee on Ways and Means