As the administration of US president Joe Biden and governments around the world celebrate another advance toward an historic global tax accord, an obscure legal question in the US threatens to tear it apart.
At a congressional committee hearing last month, Republican senator Pat Toomey, who opposes the agreement, told Treasury Secretary Janet Yellen that a key portion of the tax deal would require a formal treaty approved by a super-majority in the Senate.
You have reached your article limit. Already a subscriber? Sign in
Save €40 on an Annual Subscription.
Continue reading within unlimited digital access and exclusive subscriber benefits.
Cancel anytime
Read
Listen
Watch
Play
CONNECT WITH US TODAY
Be the first to know the latest news and updates
The Business Hub
Newsletter
News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.
Latest
The Business Hub
Newsletter
News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.
Lunchtime News
Newsletter
Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.
Revoiced
Newsletter
Had a busy week? Sign up for some of the best reads from the week gone by. Selected just for you.
Most Read
Friday, November 6, 2026 - 9:00 AM
Friday, November 6, 2026 - 8:00 AM
Thursday, November 5, 2026 - 8:00 PM



