Yellen says U.S. signing of multilateral tax treaty to slip into 2024

U.S. Treasury Secretary Janet Yellen said there were still some open issues regarding a multilateral tax treaty that needed to be resolved before it could be signed, and the process would likely slip into next year.

Yellen, speaking after a meeting with the Eurogroup euro zone finance ministers in Luxembourg, said the Organisation for Economic Cooperation and Development (OECD) had circulated a draft of the treaty, which would replace a hodge-podge of national digital services taxes if ratified by enough countries.

She said she viewed it as “critically important” to get public input on a treaty of such importance and complexity, and ensure that it enjoyed “solid support” in the United States.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)