An effort to overhaul the global tax system is still stuck on a question that’s plagued negotiators from the start: How broadly should new rules for multinational companies apply?
Nearly 140 countries are yet to reach agreement on a host of questions that would determine the size and type of multinationals that would see their taxable profits re-divided among more countries, a blueprint of the plan released Monday said.
Negotiators had aimed to reach political consensus on a deal by the end of this year, but the Organization for Economic Cooperation and Development said discussions would slip into 2021 because ...