Posted on May 20th, 2022.

The United States must get on track to complying with the international tax agreement that it’s trying to sell to the rest of the world.

Earlier this week, Treasury Secretary Janet Yellen traveled to Poland to try to pick up some broken pieces from the major global tax deal she secured last year. If it’s enacted, the international agreement, which brought together over 130 countries to set a minimum corporate tax rate, would trigger the biggest overhaul in the global tax system in a century.

But the road from brokering the agreement to actually enacting it now seems uncertain as some countries are starting to get cold feet. The European Union, for example, delayed enacting its corporate tax hike, and Poland has expressed reservations about whether such a tax would even be effective.

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