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Japan Finance Minister does not expect G7 meet to debate specific tax rates


Japan Finance Minister does not expect G7 meet to debate specific tax rates
By Tetsushi Kajimoto
Reuters
TOKYO (Reuters) -Finance leaders from the Group of Seven rich countries have narrowed their difference of opinions over global taxation but they are unlikely to debate specific figures on minimum tax rates at their weekend meeting, Finance Minister Taro Aso said.
Aso said he is planning on a bilateral meeting with U.S. Treasury Secretary Janet Yellen on the sidelines of the June 4-5 G7 meeting in Britain, although the details weren t finalised.
The G7 will vow this week to support their economies as they emerge from the pandemic and reach an ambitious deal on a minimum global corporate tax in July, a draft communique showed. ....

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Dollar discovers downsides of global growth, twin deficits


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SYDNEY The dollar slid to nine-week lows on Thursday as a doggedly dovish outlook from the U.S. Federal Reserve and bold spending plans from the White House gave a green light for the global reflation trade.
President Joe Biden’s push for another $1.8 trillion in spending also risked blowing out the U.S. budget and trade deficits. The twin deficits have long been an Achilles heel for the dollar.
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Dollar discovers downsides of global growth, twin deficits Back to video
The euro made the most of the opportunity to hit its highest since late February at $1.2148, after cracking trendline resistance around $1.2114. The break now opens the way to bull targets at $1.2196 and $1.2242. ....

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