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
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