Yellen Boosts European Optimism for Global Digital Tax Accord

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.

Read More: Trump Suspends Tariff Action on French Goods on Digital Tax

Resolving the dispute hinges on ...