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Digital Tax Revamp Stalls Over Reach of Multinational Rules (1)

Oct. 12, 2020, 9:01 AMUpdated: Oct. 12, 2020, 11:19 AM

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 ...