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U.S. Treasury Secretary Yellen Urges Finalization and Implementation of Two-Pillar Solution for International Tax Reform

19 May 2022

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Proposed Changes

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United States

The U.S. Treasury has published remarks given by Treasury Secretary Janet Yellen at the Brussels Economic Forum on 17 May 2022, including on the agreement for the OECD's two-pillar solution for international tax reform, including the revised profit allocation and nexus rules of Pillar 1 and the 15% global minimum tax of Pillar 2. In this regard, Yellen stated, " We cannot rest on our laurels. We still have important work to do to get international tax reform across the finish line. We must resolve the open issues in Pillar 1 so that the multilateral treaty can be ready for...