![](/images/print_logo.png)
US Treasury's Yellen said opposes shifting global tax agreement negotiations to UN from OECD
- UN does not have expertise on global tax issues, and brings in too many countries, and is not consensus-based.
- 'Pillar 1' talks on digital taxes have made a lot of p[progress but India, China, and Australia remain holdouts.
- US maintaining demand for mandatory 'Amount B' for pillar 1 transfer pricing.
- Does not think China 'dug in' against participating in pillar 1, would not be surprised to see Beijing sign on.
26 Jul 2024 - 19:31- Fixed IncomeEconomic Commentary- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts