Yellen Boosts European Optimism for Global Digital Tax Accord
By William Horobin and Birgit Jennen
Jan. 28, 2021, 1:22 PM
German Finance Minister Olaf Scholz said President Joe Biden’s administration has shown a readiness to clinch an agreement on how to tax global tech companies, potentially overcoming an American block and paving the way for an accord later this year.
Scholz, who spoke with Janet Yellen on Wednesday, told a video conference at the Organization for Economic Cooperation and Development that the U.S. Treasury secretary had indicated a “big willingness” to find a global solution on tax rules in the short term.
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