2022-03-10
“Yellen told [Powell] it was his decision to make, but that she would not protect him from the political fallout if he did so. And that was the end of Facebook's digital currency.”- @MsHannahMurphy and @kiranstacey with the inside story on Diem https://www.ft.com/...
Financial Times
Interviews with 30 people detail the rise and fall of Meta's Libra project, later renamed Diem, as lofty goals were undermined by Facebook's reputation
On June 24 2021, Jay Powell and Janet Yellen sat down for their weekly breakfast amid the austere surroundings of the US Treasury building on 1,500 Pennsylvania Avenue. Tweets: @ms...
2021-02-27
Breaking from the G20 finance ministers call: Yellen withdraws US insistence on “safe harbor” stumbling block to global deal on digital tax https://www.ft.com/... via @financialtimes
Financial Times
Treasury secretary Janet Yellen told G20 ministers that the US will drop its “safe harbor” provision for tech companies, allowing a global deal on digital tax
the ‘Silicon Six’ — used legal tax avoidance strategies between 2010 & 2019 to pay $155.3 billion < the actual tax rates accrued collectively by the co's across all global territor...
2019-12-08
USMCA may lose another business friendly provision if this goes ahead ... https://twitter.com/...
Axios
Nancy Pelosi is pushing to remove language similar to Section 230 from the US-Mexico-Canada trade agreement, which could delay its passage in the House
New opposition from House Speaker Nancy Pelosi this week left the tech industry at risk of losing a cherished trade deal provision that could help cement its liability shield. Sour...