Treasury Secretary Yellen Said Opposes Shifting Global Tax Agreement Negotiations To Un From OECD In Reuters Interview
Portfolio Pulse from charles@benzinga.com
Treasury Secretary Yellen opposes shifting global tax agreement negotiations from the OECD to the UN, as stated in a Reuters interview.
July 26, 2024 | 6:37 pm
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Treasury Secretary Yellen's stance on keeping global tax agreement negotiations within the OECD rather than shifting to the UN could maintain stability in international tax policies, potentially benefiting large-cap US companies.
Yellen's position suggests a preference for the current OECD framework, which is familiar to large-cap US companies. This could prevent potential disruptions and uncertainties that might arise from a shift to the UN, thereby supporting market stability.
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