Washington on Thursday offered to accept a rate of at least 15% during international negotiations, significantly below its proposed 21% minimum for US multinational firms.
"The possibility of reaching a global and consensus-based solution is now concrete," Italian Economy Minister Daniele Franco said in a statement.
ROME: Italy, which holds the annual presidency of the G20, on Friday welcomed a proposal from US Treasury Department for a global corporate tax of at least 15%.
Washington on Thursday offered to accept a rate of at least 15% during international negotiations, significantly below its proposed 21% minimum for US multinational firms.
"The possibility of reaching a global and consensus-based solution is now concrete," Italian Economy Minister Daniele Franco said in a statement.
As president of the Group of 20 rich countries Italy will do "everything possible" to broker an agreement on a global minimum corporate taxation level at a G20 meeting in Venice in July, Franco added.
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