Germany and France say global corporate tax deal achievable after Yellen’s backing

Berlin  — Germany and France on Tuesday welcomed a promise by US treasury secretary Janet Yellen to work on a global corporate minimum tax rate as a step towards making a landmark deal achievable, but low-tax Ireland voiced reservations.

Negotiators are racing to agree a minimum corporate tax by midyear as part of efforts by more than 140 countries to update the rules for taxation of cross-border commerce for the first time in a generation...

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