OECD Misses Deadline for Deal on Final Global Tax Treaty (1)

The OECD is continuing its negotiations over the global tax treaty, missing a March 31 deadline for agreement on the convention’s final text.

In a statement Monday, a top OECD official said the treaty discussions “continue to move forward constructively.”

The delay is the latest in a string of setbacks to a critical part of the broad tax deal agreed to by over 140 countries in 2021. The multilateral treaty—also known as Amount A—is part of Pillar One of the deal. The broader agreement comprises two parts: a reallocation of large multinational companies’ residual profits, known as Pillar One, and ...