Yellen tells Mexican counterpart G20 countries should back global minimum tax

WASHINGTON, June 17 (Reuters) – U.S. Treasury Secretary Janet Yellen met with Mexican finance minister Arturo Herrera on Thursday, stressing the importance of securing support from the Group of 20 major economies for a proposed global minimum tax, the Treasury said in a statement.

Yellen, whose proposal for a global minimum tax of at least 15% has won the backing of the Group of Seven advanced economies, is now urging G20 countries – including Mexico and China – to support the plan when they meet in Venice in July.

Yellen told U.S. lawmakers that Washington would not agree to any type of…