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Tuesday, June 15, 2021

USA: U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future - by David Morgan and David Lawder

Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, raising questions about the U.S. ability to implement a broader global agreement.

The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes.

Read more at: U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future | Reuters