U.S. Treasury Secretary Janet Yellen has stated that the United States opposes a proposed global wealth tax on billionaires. The proposal, which has been put forward by Brazil and other countries, seeks to impose a 2% tax on the income of the world's 3,000 billionaires. Yellen emphasized that the U.S. believes in progressive taxation but cannot support a common global arrangement for such a tax. Additionally, she mentioned that the U.S. does not support redistributing the revenue from such a tax based on climate change damage and related financing needs. This stance was reported by the Wall Street Journal. Yellen stated, 'That's something we can't sign on to.' The proposal will be discussed at the upcoming G20 summit.
The US won’t sign an agreement to finalize a still-pending global tax deal until India and China agree to key unresolved issues, Janet Yellen said https://t.co/CiE52xd05i
The US won’t sign an agreement to finalize a still-pending global tax deal until India and China agree to key unresolved issues, Janet Yellen said https://t.co/uPs2zoTRVm
Treasury Secretary Yellen announces that the US will not sign tax deal until details are resolved, emphasizes importance of examining key numbers. #TaxPolicy #Negotiations
The US won’t sign an agreement to finalize a still-pending global tax deal until India and China agree to key unresolved issues, Janet Yellen said https://t.co/ZXdi8PdkfW
Treasury Secretary Janet Yellen revealed advancements in global tax discussions during G7 summit.
YELLEN: US UNWILLING TO SIGN TAX DEAL BEFORE DETAILS RESOLVED
Yellen says India and China hindering 'Pillar 1' tax deal https://t.co/Bq9NEUfTvQ https://t.co/UJup98gO2X
⚠️ YELLEN SAYS INDIA AND CHINA HINDERING 'PILLAR 1' TAX DEAL Full Story → https://t.co/xmApExbQc5 https://t.co/ZYzef2YYG4
YELLEN SAYS INDIA WILL NOT ENGAGE IN NEGOTIATIONS ON PILLAR 1 TRANSFER PRICING, OTHER ISSUES IMPORTANT TO U.S.
Lula 🇧🇷 will ask the G20 that the "3,000 billionaires on the planet" pay "2% taxes on the income of their fortunes." This always works 👍 https://t.co/U2WrVQDzyh
U.S. Treasury Secretary Janet Yellen repeated that she opposes a global minimum tax on billionaires and added that she does not support basing a redistribution of the revenue from such a tax on damage from climate change and related financing needs. https://t.co/QgrVejp577
Treasury Secretary Yellen Indicates U.S. Will Not Support Global Billionaire Tax https://t.co/0zmFyDiLlU
Yellen bats down proposal for global wealth tax for billionaires https://t.co/A7X4dFOxHr
🇺🇸YELLEN: WE DON'T WANT A GLOBAL BILLIONAIRE TAX... WE ❤️ BILLIONAIRES The Treasury Secretary says the U.S opposes a global wealth tax on billionaires proposed by Brazil and other countries. "We believe in progressive taxation...and the notion of some common global arrangement… https://t.co/enFs4NzrZH
Treasury Secretary Janet Yellen makes decision on call for global tax on billionaires https://t.co/Dc3U6kejnT https://t.co/EXh7R9eijC
Yellen says US opposed to global tax on billionaires: ‘That’s something we can’t sign on to’ https://t.co/CKyfPqKq8o https://t.co/gZcmucUcBA
The U.S. opposes a proposed global wealth tax on billionaires, Treasury Secretary Janet Yellen has said.
⚠️ JUST IN: *U.S. OPPOSES GLOBAL TAX ON BILLIONAIRES, YELLEN SAYS: WSJ https://t.co/mKUMLBh8tp