The Latest: G-20 endorses 15% global minimum corporation tax

Group of 20 leaders have unanimously endorsed a global minimum tax on corporations in a move being hailed by U.S. Treasury Secretary Janet L

The Latest on the group of 20 summit taking place in Rome:

ROME — Group of 20 leaders have unanimously endorsed a global minimum tax on corporations in a move being hailed by U.S. Treasury Secretary Janet L. Yellen as benefiting American businesses and workers.

Finance ministers of Group of 20 countries a few months earlier had agreed on a 15% minimum tax and its formal endorsement at the summit Saturday in Rome of the world’s economic powerhouses was widely expected.

Yellen predicted in a statement that the deal on new international tax rules, with a minimum global tax, “will end the damaging race to the bottom on corporate taxation.”