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Yellen Fails to Win Poland Pledge to Remove Hold on Tax Deal (1)

May 16, 2022, 4:40 PM

US Treasury Secretary Janet Yellen is leaving Warsaw without a public pledge from Polish government officials to drop their opposition to a key part of a global corporate tax deal that Yellen identifies as a top priority.

Warsaw’s resistance is holding up a measure that would implement a 15% minimum corporate tax rate across the European Union -- part of an agreement backed in principle by almost 140 countries, including Poland, last October.

During talks with Polish Prime Minister Mateusz Morawiecki and Finance Minister Magdalena Rzeczkowska, Yellen “underscored the need to move forward on the global agreement on international ...