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BERLIN (Reuters) -Germany and France on Tuesday welcomed a promise by U.S. 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.
FILE PHOTO: German Finance Minister Olaf Scholz gestures as he holds a news conference in Berlin, Germany, March 24, 2021. REUTERS/Hannibal Hanschke/Pool/File Photo
Negotiators are racing to agree to 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.