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

by Mike Robinson

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© 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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