Factbox: Yellen to negotiate multilateral tax agreements, study the SALT deduction

WASHINGTON (Reuters) – US Treasury candidate Janet Yellen on Thursday highlighted the Biden administration’s intention to redo fiscal and trade policy after making internal investments in workers and infrastructure in written responses to senators’ questions.

The Senate Finance Committee plans to consider his appointment as Secretary of the Treasury by 10:00 EST on Friday, potentially paving the way for confirmation by the entire Senate later in the day.

Below are some of Yellen’s written answers to further questions from committee members, second copy of the replies obtained by Reuters:

INTERNATIONAL TAX DISPUTES: “We are engaged in the multilateral cooperative effort to address base erosion and profit shifting through the OECD / G20 process, and work to resolve digital tax disputes in that context.”

STATE LOCAL TAX DEDUCTION: “It is essential to study and evaluate what impact the SALT limit has had on the state on local governments and those who rely on their services. I will work with those of the Treasury and the entire administration to assess these impacts, as well as other aspects of this problem. “

Reported by Andrea Shalal and David Lawder