Yellen says ‘confident’ US will implement global minimum tax

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Al-Araby

US Treasury Secretary Janet Yellen said Sunday she was “confident” Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations. The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates. “I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package,” Yellen told ABC’s “This Week,” referring to the federal budget bill currently…

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