Nations Say UN Deal Would Clash With OECD Tax Base Erosion Work

Over a dozen countries called Wednesday for removal of draft language in a UN tax treaty they claimed would undermine barriers to international tax competition erected by the Organization for Economic Cooperation and Development.

The UK, Germany, Japan, South Korea, and Belgium, among others, said a proposed provision to curb harmful tax practices—an umbrella term for policies that erode the tax base of other jurisdictions—would duplicate the OECD’s work in the field and hinder its effectiveness.

Others worried the United Nations deal would lead to duplication of policies the OECD has already created to take on harmful tax practices, like ...