G-20 Prepares to Green-Light Global Digital Tax Blueprint

An effort to rewrite global tax rules is awaiting a nod of support at a G-20 meeting this weekend in Japan.

The Organization for Economic Cooperation and Development will present the outline for a plan to revamp how multinationals are taxed to the group’s finance ministers. The blueprint, released May 31, would set a global minimum tax and reallocate more of companies’ taxable profits to the countries where their consumers are located.

The meeting will include a half-day session June 8 on digital taxes, bringing together top finance officials from the U.S., China, France, the U.K, India, and others. The ...