EU to Postpone Digital Tax to Focus on Global Minimum Tax Deal

The video discusses the complexities of a global tax deal, focusing on the two main pillars: a 15% global minimum tax and a digital tax. The U.S. administration faces challenges in getting these through Congress, especially with the need for Senate approval. The video highlights the negotiation dynamics, including the roles of Treasury Secretary Janet Yellen and international cooperation, while addressing the resistance from some European countries and the potential impact on U.S. legislative processes.

What are the two pillars mentioned in relation to the global tax deal?

What is the significance of the 2/3 Senate approval in the context of the global tax deal?

How does the digital tax proposed by the Europeans complicate the global tax negotiations?

What challenges does the current administration face in passing the global minimum tax?

What role does Janet Yellen play in the negotiations for the global tax deal?