The Latest: G-20 endorses 15% global minimum corporation tax

The Latest: G-20 endorses 15% global minimum corporation tax

SeattlePI.com

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The Latest on the group of 20 summit taking place in Rome:

ROME — Group of 20 leaders have unanimously endorsed a global minimum tax on corporations in a move being hailed by U.S. Treasury Secretary Janet L. Yellen as benefiting American businesses and workers.

Finance ministers of Group of 20 countries a few months earlier had agreed on a 15% minimum tax and its formal endorsement at the summit Saturday in Rome of the world’s economic powerhouses was widely expected.

Yellen predicted in a statement that the deal on new international tax rules, with a minimum global tax, “will end the damaging race to the bottom on corporate taxation.”

The summit concludes on Sunday afternoon.

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ROME— President Joe Biden and first lady Jill Biden arrived at St. Patrick’s Church in Rome for Saturday Vigil Mass, a day after telling reporters that Pope Francis told him he should continue to receive Communion, despite the opposition of some conservatives in the U.S. upset with his position on abortion.

Biden’s is attending the English-speaking church that is the main place of worship for the American Catholic community in Rome and is just down the block from the U.S. Embassy.

The stop came between events at the Group of 20 summit taking place this weekend in Rome.

Biden regularly attends Mass in Washington or near his home in Wilmington, Delaware.

Among Biden’s gifts to the pope on Friday was a woven chasuble, or liturgical vestment, made in 1930 by the famed papal tailor Gammarelli and used by the pope’s Jesuit order in the U.S., where it was held in the archives of Holy Trinity Church, the president’s regular parish in Washington.

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ROME — French President Emmanuel Macron and Indian Prime Minister Narendra Modi have agreed to boost...

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