It wasn't a surprise that Rusal was going to get picked up if we sanctioned Deripaska, we evaluated the impact. We made a decision.

Steven Mnuchin

Categorized in : Politics

I think we all want to get this done by the end of the year, and that's the objective.

You cannot have in a global economy different national tax systems that conflict with each other.

You cannot have in a global economy different national tax systems that conflict with each other, the good news is we're very close to a consensus on pillar 2.

When we talk about the EU, one of the challenges is some of these issues are really only a couple of countries, but I think, as you know, because of the EU we can't negotiate these things on a bilateral basis, one of the challenges of dealing with the EU is even within the EU they have different views.

I'm quite optimistic. I think the prime minister and the president have a very good relationship.

We're focused on trying to get this done this year because we think it's important to both of us.

I think a lot of the issues can be dealt with simultaneously and again we look forward to continuing a great trade relationship, and, if anything, I think there will be significantly more trade between the U.S. and the UK.

The U.S. feels very strongly that any tax that is designed specifically on digital companies is a discriminatory tax and is not appropriate.

International tax issues are very complicated and take a long time to look at. If people want to just arbitrarily put taxes on our digital companies, we'll consider arbitrarily putting taxes on car companies.

I don't think it has any impact on the world economy.

We expect it will be fully executed in January. And then we get to' phase two', the most important issue is - lets make sure we implement' phase one' with an enforceable agreement, which it is. And then we start negotiating' phase two'.