BERLIN (Reuters) - Plans to overhaul the U.S. tax code will be debate by G20 finance ministers and central bankers at their meeting in Germany this week, a senior German official said on Monday.
“There is no reason to be pessimistic about relations with the United States... but there will be the need to discuss issues like tax policy,” the official said on the condition of anonymity.
The German G20 presidency expects constructive discussions and a “good agreement” at the meeting.
Germany wants the meeting March 17-18 in Baden-Baden to focus on strengthening economic resilience, mastering challenges of digitization and helping African countries, the official added.
The comments came after International Monetary Fund chief economist Maurice Obstfeld said a U.S. proposal to overhaul its tax code that favors exports over imports could have spillover effects to other economies as it would strengthen the dollar.
Reporting by Michael Nienaber,; Editing by Joseph Nasr