Yellen Hopeful Poland Will Back EU’s Adoption of Minimum Tax

US Treasury Secretary Janet Yellen says she’s hopeful that Poland will soon drop its veto of a European Union directive to impose a 15% minimum tax on large multinationals, part of a global deal to rewrite corporate tax rules.

• “We’ve talked with Poland and I’m very hopeful that Poland will soon decide that it’s in their interest to agree to this,” Yellen told members of Congress Wednesday
• “I’ve tried to explain to their senior leadership that it is not only in the US interest, but also in Poland’s interest to reduce the prevalence of tax shelters around around the world ...