As previously reported, U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Finance Committee, recently sent a letter to U.S. Department of Treasury Secretary Janet Yellen outlining priorities and raising questions regarding Treasury's approach to international tax negotiations with the OECD. Secretary Yellen's letter in response, dated 4 June 2021, is as follows:
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Dear Senator Crapo:
Thank you for your May 24, 2021 letter regarding the Biden-Harris Administration's proposals i…