As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.
Tag: Treasury Department
As Need in Afghanistan Grows Dire, Aid Groups Plead for Help
Health clinics are closing. Temperatures are dipping. Prices are rising. Food and money are scarce. A calamity looms, humanitarian groups warn.
Afghanistan Faces Economic Shock as Sanctions Replace Foreign Aid
The Taliban will be under pressure to keep a fragile economy afloat.
U.S. Sanctions Cuba for Crackdowns on Protesters
Among those facing the human rights sanctions are Cuba’s defense minister and special forces troops who swept up protesters in a wave of arrests larger than any other crackdown over the last few years, if not decades.
Yellen Says China Trade Deal Has ‘Hurt American Consumers’
The Treasury secretary said an agreement made by the Trump administration, which remains under review, had failed to address fundamental problems between the two countries.
Yellen Makes Case for Ireland to Join Global Tax Deal
The Treasury secretary was in Europe to gather support for the tax plan, an agreement that gained the support of the Group of 20 nations on Saturday.
E.U. Delays Digital Levy as Tax Talks Proceed
The postponement came as Treasury Secretary Janet Yellen arrived in Brussels to continue pushing for a global minimum tax.
Janet Yellen Warns That Coronavirus Variants Threaten Global Recovery
At the end of a gathering of the finance ministers of the Group of 20 nations, the U.S. Treasury secretary called for an acceleration of vaccine distribution worldwide.
U.S. Lifts Some Sanctions on Iranians Before Nuclear Talks
The move was unrelated to negotiations over the 2015 nuclear deal, a State Department spokesman said. The United States also imposed new sanctions on other Iranians.
Global Finance Leaders Start Talks for Tax Overhaul
The overhaul under discussion includes a minimum tax that companies would pay regardless of where their headquarters were.