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Treasury Department

(In Trade)
May 05, 2021

“We are particularly optimistic for a global agreement on corporate income tax in 2021 this year.”


(Daily News)
April 30, 2021

Countries must commit to forgoing unilateral digital services taxes as part of negotiations for a new global tax framework, stakeholders said on Thursday, following remarks last week by an EU official who said the EU’s proposed digital tax would not conflict with the new system.


(Daily News)
April 16, 2021

The Treasury Department on Friday added Taiwan to a list of countries that meet its currency manipulator criteria, which also includes Vietnam and Switzerland, but said there was insufficient evidence that any of the three was using foreign exchange intervention to gain an advantage and did not affix the “currency manipulator” label to them.


(In Trade)
April 14, 2021

The senators are asking Yellen for a confidential briefing by May 1.


(In Trade)
April 08, 2021

House Ways & Means Committee Republicans on Thursday urged Treasury Secretary Janet Yellen to defend U.S. business and not put them at a disadvantage in ongoing tax talks at the Organization for Economic Cooperation and Development.


(Daily News)
April 07, 2021

The Biden administration has proposed repealing a provision of the 2017 Tax Cuts and Jobs Act that subjects income derived from exports of intangible assets to a lower tax rate than physical assets, which the administration says encourages companies to offshore intellectual property.


(In Trade)
March 01, 2021

The senate panel also will decide on Wally Adeyemo, President Biden’s nominee for deputy Treasury secretary.


(Daily News)
February 26, 2021

The U.S. will no longer push to make new international tax rules optional for companies, dropping a position advocated by the Trump administration that isolated the U.S. in negotiations aimed at addressing the digital economy’s place in the international tax system, according to Germany’s finance minister,


(Daily News)
February 24, 2021

The U.S. will aim to “protect America’s tax revenues” in negotiations at the Organization for Economic Cooperation and Development, President Biden’s pick for deputy Treasury secretary said on Tuesday, potentially complicating talks with other countries that want U.S.-based companies to pay taxes in other jurisdictions.


(In Trade)
February 17, 2021

Yellen committed to “re-engage actively” in the ongoing OECD talks on a new international tax framework.


(Daily News)
January 28, 2021

Treasury Secretary Janet Yellen and French Economy Minister Bruno Le Maire on Thursday agreed on the need to secure a multilateral tax solution via ongoing Organization for Economic Cooperation and Development negotiations, France said in a statement on a call between the two.


(Daily News)
January 25, 2021

The Biden administration is reviewing a host of Trump administration actions that were aimed at China, including tariffs, the Commerce Department’s inclusion of Huawei on its Entity List and an executive order on restrictions on investments in companies tied to the Chinese military, according to White House Press Secretary Jen Psaki.


(In Trade)
January 13, 2021

The hearing will be held on Jan. 19.


(Daily News)
January 07, 2021

The New York Stock Exchange has twice reversed course in the past week over whether to remove three Chinese telecommunications as it tries to comply with a Nov. 12 executive order banning transactions with companies deemed to be affiliated with the Chinese military, illustrating the confusion surrounding how U.S. businesses can ensure they are in compliance, according to trade lawyers.


(Daily News)
December 30, 2020

Several industry groups on Tuesday urged the Office of the U.S. Trade Representative not to impose tariffs on Vietnam in response to alleged currency undervaluation, arguing the rising U.S. trade deficit with Vietnam is the result of Section 301 tariffs on China and warning that new tariffs would harm U.S. interests and consumers.


(In Trade)
December 24, 2020

In a letter to OMB, Chairman Grassley and seven others say the rule should be designated “economically significant” to ensure “robust analysis of its effects.”


(In Trade)
December 21, 2020

“For climate action to be a day-one priority, the work cannot wait until January 20, 2021 – it must begin now as you determine your personnel appointments.”


(Daily News)
December 21, 2020

A broad group of industry associations and business groups wants the Office of the U.S. Trade Representative to put the brakes on a probe of Vietnam’s currency practices after the Treasury Department this week named the country a currency manipulator.


(Daily News)
December 16, 2020

The Treasury Department has named Vietnam and Switzerland as currency manipulators and placed 10 other countries on its monitoring list, according to a semiannual report released on Wednesday.


(Daily News)
November 24, 2020

The Commerce Department on Tuesday issued preliminary countervailing duties on Chinese twist ties, claiming Chinese producers benefit from an undervalued renminbi. 


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