Yellen Says US Isn’t Ready to Sign Pending Global Tax Agreement

Treasury Secretary Janet Yellen said the US won’t sign an agreement to finalize a still-pending global tax deal until India and China agree to key unresolved issues.

“India, in particular, has been a holdout and China has not really engaged very much in these negotiations at all,” Yellen told reporters Saturday on the sidelines of a Group of Seven finance minsters meeting in Stresa, Italy. “We certainly need India and China to come on board in order to get this done.”

About 140 countries signed on to the outline of a groundbreaking pact in 2021 to reform the way large ...