US Treasury Secretary Yellen states India and China are not actively participating in finalizing "Pillar 1" of the OECD corporate tax deal.
US Treasury Secretary Janet Yellen claims India is not engaging on issues important to U.S. interests and China has been "all but absent" in the negotiations to finalise "Pillar 1" of the OECD corporate tax deal, which involves 140 countries and aims to reallocate taxing rights. The deal faces a June deadline, and Yellen is working to preserve its focus on highly profitable multinational corporations.
May 24, 2024
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