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Yellen: Digital Service Taxes Endanger Prospects for Global Deal

June 16, 2021, 3:09 PM

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.