Daily Tax Report: International

Developing Countries Need More Time on Global Tax Plan: Advocates

Oct. 20, 2019, 9:09 PM

Developing countries want to slow down the OECD’s digital tax project so they have time to understand its effect on their revenue—but pausing it would lead to tax chaos, the OECD’s chief tax official warned.

The Organization for Economic Cooperation and Development is working on an overhaul of the global rules that determine where and how much multinationals are taxed. The project is driven by concerns that current tax rules don’t adequately capture the value of digital business models. The OECD is trying to get 134 countries to agree to a proposal that would shift more taxing rights to the...

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