Digital Tax Talks Deadline Puts Pressure on Biden Treasury (1)

President-elect Joe Biden’s Treasury Department is facing a narrow window if it wants to put its stamp on an OECD-led effort to overhaul global tax rules in 2021.

The OECD wants to get nearly 140 countries to agree to a plan by next summer—which won’t leave much time for Treasury staffers to take on their new roles after Biden takes office Jan. 20, firm up the U.S.'s negotiating position going forward, and engage in the talks.

“Even under the best of circumstances, there will likely not be senior folks in place at Treasury until April or May” of 2021, ...