Yellen to Press EU on Digital Tax Plan After G-20 Agreement

The transcript discusses the OECD's proposal for a 15% corporate minimum tax, endorsed by major economies, and its implementation challenges. The focus is on the ability of European countries to tax big tech companies where they operate. The implementation is expected by 2023, but some governments, like Ireland, have not fully agreed. The US delegation in Brussels is negotiating a separate European digital levy, which faces political challenges in the US. The discussion highlights the complexity of implementing multiple tax systems and the need for political consensus.

What is the proposed corporate minimum tax rate discussed in the text?

What is the significance of the year 2023 in the context of the tax implementation?

What are the concerns raised regarding the implementation of the tax?

How are the European countries responding to the proposed digital levy?

What challenges does the US delegation face regarding the tax discussions in Europe?