US won’t back global tax plan with carve-outs for China -Yellen By Reuters – Investing.com

US won’t back global tax plan with carve-outs for China -Yellen By Reuters – Investing.com

WASHINGTON (Reuters) - The United States is pursuing every avenue to ensure that countries suspend or roll back discriminatory digital services taxes, but will keep tariffs as an option if that does not happen, U.S. Treasury Secretary Janet Yellen said on Wednesday.

Yellen told the Senate Finance Committee she had engaged in "very constructive" bilateral conversations with the Irish finance minister on the issue, and believed the entire European Union would ultimately support an increase in global minimum taxes, as proposed by the United States.