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U.S. Treasury's Yellen tells Irish finance minister tax deal is a generational opportunity

Reuters logo Reuters 9/22/2021
U.S. Senate Appropriations Subcommittee hearing to examine the FY22 budget request © Reuters/POOL U.S. Senate Appropriations Subcommittee hearing to examine the FY22 budget request

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen urged Irish Finance Minister Paschal Donohoe on Wednesday to take a "once in a generation opportunity" for a global tax deal that stops a race to the bottom on corporate tax rates, the Treasury said in a statement.

EU leaders arrive for the second day of their summit in Brussels © Reuters/POOL EU leaders arrive for the second day of their summit in Brussels

Video: Irish PM on EU Power Crisis, Tax Deal, Brexit, Housing (Bloomberg)

Treasury said during their call, Yellen "expressed appreciation for Ireland's constructive participation" in the OECD tax reform talks and the two ministers agreed to keep in close communication on the issue.

(Reporting by David Lawder; Editing by Chris Reese)

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