Yellen: Digital Service Taxes Endanger Prospects for Global Deal

U.S. Treasury Secretary Janet Yellen told a congressional panel Wednesday that digital services taxes stand in the way of international efforts to establish a global minimum tax, and she reiterated that the Biden administration could raise tariffs on countries that leave them in place.

She also told the Senate Finance Committee that she expected all European Union countries, including Ireland, to sign onto a global minimum tax agreement.

• Yellen called an agreement to drop digital services taxes among countries leading the global minimum tax effort, “important progress.” The U.S. is maintaining a Trump-era trade investigation into DSTs, she noted, ...