Digital Tax Plan Has Pitfalls for Developing Countries: UN Group

Sept. 24, 2020, 6:29 PM

The OECD’s digital tax overhaul carries “potentially adverse implications” for developing countries, warned a new report from a panel convened by the United Nations.

The time frame of the negotiations has been dictated by richer countries, and may be too fast for developing countries, which have fewer resources to devote to the process, the interim report said Thursday. Nearly 140 countries are negotiating a global tax overhaul at the Organization for Economic Cooperation and Development to address concerns about how tech giants and other multinationals are taxed.

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