US Treasury Secretary Janet Yellen welcomed the agreement among 130 countries on a new global minimum tax reached in the OECD on Thursday, something Washington had been pushing hard to achieve.
The accord, setting a tax floor of at least 15 percent "is a clear sign: the race to the bottom is one step closer to coming to an end," Yellen said in a statement.
"We have a chance now to build a global and domestic tax system that lets American workers and businesses compete and win in the world economy."