Biden, Yellen Inject New Life Into Global Tax Talks (Podcast)

The Biden administration has given a boost to a years-long effort toward global agreement on digital tax rules as negotiators work to strike a deal in the coming months.

Since she took office, Janet Yellen’s Treasury Department has started to reshape the conversation on both elements of the Organization for Economic Cooperation and Development’s two-part plan for a global tax overhaul. Treasury’s proposal to simplify the OECD’s “Pillar One”—which would move more tax revenue to countries where companies have users or consumers, instead of their headquarters—has helped move the talks past a stalemate. And a Biden administration proposal to hike ...