U.S. Treasury’s Yellen to Attend G20 Finance and Climate Meetings in Italy

WASHINGTON (Reuters) – US Treasury Secretary Janet Yellen will attend the meeting of G20 finance ministers and central bank governors in Venice, Italy, July 9-10 to highlight US policy priorities in matters tax, climate change and an inclusive recovery from the COVID-19 pandemic, the Treasury said on Thursday.

Yellen will meet with his G20 counterparts and participate in the Venice International Climate Conference with his G20 counterparts on July 11. She will then travel to Brussels to meet her counterparts from the European Union and the Eurogroup “to discuss American political priorities and respective efforts to support economic recovery.” “said the Treasury.

Yellen said on Wednesday she was seeking approval from G20 finance ministers on the “fundamentals” of U.S. proposals to overhaul international taxation, including a global minimum corporate tax of at least 15% .

Reuters reported on Tuesday that a draft statement released ahead of the G20 meeting indicated that financial leaders would approve a global minimum tax, although it made no reference to a specific rate.

While in Venice, Secretary Yellen will continue to strengthen the United States’ commitment to multilateralism and advance U.S. political priorities on global tax policy, climate change, inclusive economic recovery and global health “said the Treasury.

(Reporting by David Lawder; Editing by Dan Grebler)

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