Janet Yellen News

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich

US Treasury Secretary Janet Yellen travelled Saturday to the mouth of the Amazon River, pitching the idea that fighting climate change would bolster economic growth in the region and across the globe.

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

Brazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international accord on the matter.

Despite agreement from 39% of investors that monetary policy is too restrictive, those surveyed remained optimistic that monetary easing will reach the soft landing ‘goldilocks zone'.  Faith that the most likely outcome for the global economy over the next 12 months will be a «no landing» reached a six-month low of 18%, while only 11% of investors saw a «hard landing». Janet Yellen sounds fears of US dollar being weakened by States' use of sanctions This is despite lower expectations for economic growth. According to the survey, more than half (53%) of those surveyed anticipate a w...

Speaking before the House Financial Services Committee last week (9 July) Yellen was asked about her biggest concerns around foreign institutions regarding the US, one of which was the «protection of the dollar». Fed postpones rate cut until 'greater confidence' in sustainable inflation levels She said: «We have very powerful sanctions that are that are available because of the important role of the dollar in international transactions, the ability to cut off foreign banks or other businesses or individuals from the ability to transact through the US Financial system and to participate...

The tax man has come for a lot of rich Americans.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed...

New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227

The Biden administration announced new steps to increase access to affordable housing

U.S., Treasury Secretary Janet Yellen has announced new sanctions against members of La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a slate of other Mexican cartels

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025. The IRS tried the Direct File project for the 2024 tax season on a limited basis in 12 states for people with very simple W-2s, the employee’s wage and tax statement. The agency also is inviting all states with a state income tax to sign up and help people file their state returns for free.

China’s engagement in the global system of commerce was roundly criticized by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world’s second-biggest economy by name and accused the country of hurting the economies of its trade partners. “While reaffirming our interest in a balanced and reciprocal collaboration, we express concerns about China’s comprehensive use of non-market policies and practices that undermines our workers, industries, and economic resilience,” they said. “We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field.”

China's engagement in the global system of commerce was roundly criticised by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.

US Treasury Secretary Janet Yellen said the US won't sign an agreement to finalise a still-pending global tax deal until India and China agree to key unresolved issues. «India, in particular, has been a holdout and China has not really engaged very much in these negotiations at all,» Yellen told reporters on Saturday.

Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests.

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...

STRESA, Italy—The U.S. and its allies are moving toward an agreement on a novel financing plan that would provide Ukraine with up to $50 billion, though Western officials are still working through important details on the use and structure of the funds. The idea relies on the investment returns—mainly interest payments—generated by the roughly $300 billion in Russian sovereign assets that the U.S.