U.S. Treasury’s Yellen says it’s uncertain if Amazon to be subject to global tax deal

1 Minute Read by Reuters Staff (Reuters) – WASHINGTON, July 15 (Reuters) – On Thursday, US Treasury Secretary Janet Yellen said it was unclear whether Amazon.com would meet the profitability requirements for a new global tax agreement that would allow additional countries to tax major multinational corporations. When asked whether the 132-country deal will reallocate taxation rights for Amazon, Yellen said, “It depends on whether or not they meet the threshold of profitability, and I’m not certain of that.” (David Lawder and Diane Bartz contributed reporting; Leslie Adler edited the piece.)/nRead More