Braking Down The News

Yellen Seeks to Win European Support for a Tax Deal Congress Hasn’t Approved

Treasury secretary to meet next week with officials in Poland, a holdout in EU on global minimum tax


WASHINGTON—Treasury Secretary Janet Yellen wants to clinch the European Union’s approval of a global minimum tax on the profits of large corporations, hoping to smooth out Poland’s objections to approving the plan in meetings next week.

But the larger threat to the agreement’s future may rest closer to home, in Congress, which hasn’t yet approved the plan Ms. Yellen negotiated.


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