Global Minimum Tax May Not Make It Past the U.S. Congress

In the Senate, two Democrats remain holdouts, and businesses have not signed on to the idea as Treasury expected them to.

By Laura Davison | May 18, 2022 at 03:30 PM

Treasury Secretary Janet Yellen's success in securing the biggest global corporate-tax reform in decades risks flopping in her own country's legislature, potentially sowing the seeds for renewed international tensions in coming years.

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