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U.S. Treasury’s Yellen confident Congress will pass global minimum tax By Reuters


© Reuters. FILE PHOTO – Treasury Secretary Janet Yellen attended the House Financial Services Committee hearing, Washington, U.S.A. September 30, 2021. Al Drago/Pool via REUTERS

WASHINGTON, (Reuters) – Treasury Secretary Janet Yellen stated on Sunday that she is confident that the U.S. Congress will approve legislation to establish the corporate minimum tax. This global agreement was reached by 136 nations.

Yellen stated that the United States would be able to comply with the global minimal tax if it was included in reconciliation bill. This budget bill contains President Joe Biden’s spending proposals.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.