Global Tax Rewrite Estimated to Raise $100 Billion Heads to G-20

The OECD is preparing to ask the Group of 20 finance ministers for an endorsement of its plans for a global tax overhaul estimated to bring in roughly $100 billion annually.

The Organization for Economic Cooperation and Development is trying to get nearly 140 countries to agree to an overhaul of how the digital economy is taxed. The effort seeks to address concerns that multinationals, particularly tech giants, aren’t paying enough tax in the countries where they have users or consumers.

Data released by the OECD Thursday shows that the plan would bring in more tax revenue for most countries, ...