Yellen Sets Out Rough Timeline for Congress on Global Tax Deal

The transcript discusses the global tax agreement endorsed by the G20, focusing on the challenges of implementing a minimum corporate tax rate of 15%. U.S. Treasury Secretary Janet Yellen outlines the timeline and political hurdles, particularly in the U.S. Congress, with midterm elections approaching. The EU's internal disagreements, especially from countries like Ireland, are highlighted as obstacles to a unified stance. The need for cooperation among EU countries and the influence of major economic powers within the EU are emphasized.

What is the significance of the G20's endorsement of the global tax agreement?

What role does Ireland play in the context of low tax policies within the EU?