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

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Reuters

WASHINGTON (Reuters) -Treasury Secretary Janet Yellen said on Sunday she was confident the U.S. Congress would approve legislation to implement the global corporate minimum tax agreed by 136 countries. Yellen told ABC’s “This Week” the actions to bring the United States into compliance with the global minimum tax would likely be included in the so-called reconciliation budget bill containing President Joe Biden’s proposed spending initiatives. Asked whether she was confident the measure would get through, Yellen said, “Yes.” A group of 136 countries on Friday set a minimum global tax rate of 1…

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