U.S. drops key obstacle to global digital tax: Treasury

U.S. Treasury Secretary Janet Yellen told her G20 colleagues on February 26 that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement. The U.S. shift — part of a broader repositioning by President Joe Biden from the “America First” agenda of former President Donald Trump — prompted immediate praise from Germany and France, which said a deal was now “within reach” following the U.S. pivot.