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Yellen Sees U.S. Companies Pushing to Back Global Tax Deal (2)

July 13, 2021, 3:51 PM

Treasury Secretary Janet Yellen said U.S. companies are likely to provide crucial support in pushing lawmakers to back a global overhaul of corporate taxation, helping overcome Republican opposition that may slow or stop ratification of an accord endorsed by Group of 20 nations over the weekend.

“To the extent that the Republican side is going to be looking to business and trying to protect business interests, my guess is that businesses are going to be saying to members of Congress, please approve this,” Yellen said Tuesday in an interview in Brussels, as she wrapped up a week in Europe.

At ...