Yellen’s Remarks Reveal US Keen to Sign Global Tax Treaty

The US is eager to reach agreement on and sign a crucial part of the OECD-led international tax deal by the end of June amid a looming threat of digital services taxes.

Treasury Secretary Janet Yellen’s public callout to India and China to engage in the global tax talks was intentional to get the deal done, according to those following global tax negotiations. It’s also an indication of the urgency the administration feels to sign an agreement before the US presidential election overshadows discussions and there’s a potential for the proliferation of digital services taxes.

Yellen singled out both countries ...