Tax & Spend
Yellen Says US Isn’t Ready to Sign Pending Global Tax Agreement
- India, China are holdouts on working on key details, she says
- Italy’s finance minister says talks have reached a stalemate
Photographer: Gabriel Bouys/AFP/Getty Images
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Treasury Secretary Janet Yellen said the US won’t sign an agreement to finalize a still-pending global tax deal until India and China agree to key unresolved issues.
“India, in particular, has been a holdout and China has not really engaged very much in these negotiations at all,” Yellen told reporters Saturday on the sidelines of a Group of Seven finance minsters meeting in Stresa, Italy. “We certainly need India and China to come on board in order to get this done.”