Tag: US Treasury Secretary

U.S. expects support from India, other allied nations in trade tensions with China: Bessent

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U.S. expects support from India, other allied nations in trade tensions with China: Bessent

Treasury Secretary Scott Bessent listens as President Donald Trump meets with Argentina’s President Javier Milei in the Cabinet Room of the White House, Tuesday, Oct. 14, 2025, in Washington. | Photo Credit: AP Amid escalating trade tensions with China over its export restrictions on rare earth minerals, U.S. Treasury Secretary Scott Bessent has said that…

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Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

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Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union (EU) has warned. The landmark…

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